Algoma Steel
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Algoma Steel's score of 11 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Algoma Steel's reported carbon emissions
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 data reflects a commitment to transparency in their environmental impact, as the company has disclosed emissions for both Scope 1 and Scope 2. The emissions intensity for Scope 1 was reported at about 1,900 kg CO2e per tonne of iron and steel produced, while the combined Scope 1 and 2 emissions intensity was approximately 1,910 kg CO2e per tonne. In 2022, the company recorded similar emissions, with Scope 1 at approximately 3,995,014,000 kg CO2e and Scope 2 at about 14,115,000 kg CO2e, indicating a slight increase in emissions year-on-year. The emissions intensity for Scope 1 in 2022 was about 1,720 kg CO2e per tonne. Algoma Steel has not set specific reduction targets or initiatives as part of their climate commitments, and there are no reported SBTi (Science Based Targets initiative) reduction targets. The company operates as a current subsidiary of Algoma Steel Group Inc., which may influence its emissions reporting and climate strategies. Overall, while Algoma Steel has made strides in emissions disclosure, the absence of defined reduction targets highlights an area for potential improvement in their climate strategy.
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| 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 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
