Algoma Steel Inc., headquartered in Sault Ste. Marie, Ontario, Canada, is a prominent player in the North American steel industry. Founded in 1901, the company has evolved into a leading integrated steel producer, primarily serving the automotive, construction, and energy sectors. With a focus on high-quality flat-rolled steel products, Algoma Steel is renowned for its innovative manufacturing processes and commitment to sustainability. The company’s extensive product range includes hot and cold rolled sheets, as well as coated steel products, which are distinguished by their durability and performance. Algoma Steel has achieved significant milestones, including advancements in production technology and a strong market position, making it a trusted supplier in the steel market. Its dedication to quality and customer satisfaction continues to drive its success in a competitive landscape.
How does Algoma Steel's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Algoma Steel's score of 11 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Algoma Steel reported significant carbon emissions, with Scope 1 emissions totalling approximately 4,218,890,000 kg CO2e and Scope 2 emissions at about 24,877,000 kg CO2e. This results in a combined Scope 1 and 2 emissions intensity of about 1,910 kg CO2e per tonne of steel produced. In 2022, the company recorded Scope 1 emissions of approximately 3,995,014,000 kg CO2e and Scope 2 emissions of about 14,115,000 kg CO2e, indicating a slight increase in emissions intensity compared to 2023. The Scope 1 emissions intensity for 2022 was about 1,720 kg CO2e per tonne of iron and steel. Despite these figures, Algoma Steel has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) reduction targets suggests that while the company is aware of its emissions, it may not have formalised commitments to reduce them at this time. Overall, Algoma Steel's emissions data highlights the challenges faced by the steel industry in managing carbon emissions, underscoring the need for robust climate strategies moving forward.
Access structured emissions data, company-specific emission factors, and source documents
2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Scope 1 | 3,880,106,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Scope 2 | - | - | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Algoma Steel is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.