The History of AltaSteel
1955 |
The company now known as AltaSteel was founded in 1955 as Premier Steel Mills Ltd. Before 1955, all steel made in North America was made via blast furnace process from iron ore. However, by 1955, electricity generating facilities and distributing grids became massive enough to make electric furnace steelmaking practical and economical; Premier Steel Mills Ltd became the first steel mill in North America to use an electric arc furnace process to melt and refine scrap steel and then hot-roll the steel into final product shapes. |
1962 |
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1974 |
In 1974 various major upgrading operations took place, including construction of the present steelmaking facility and significant modifications to the Bar Mill. |
1992 |
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1998 |
In 1998, a series of capital investments began at the facility - a state-of-the-art steelmaking ladle furnace was brought into operation in 1998, as was a new automatic bundling system in the Bar Mill that same year. |
2001 |
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2002 |
In 2002 a new Heat Treatment facility was built, utilizing AltaSteel's patented heat treating process for grinding media. |
2006 |
In 2006, the Bar Mill was further upgraded with installation of new roughing stands. Also in 2006, Stelco completed the sale of AltaSteel to the Scaw Metals Group of South Africa. |
2011 |
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2017 |
In 2017 American Industrial Partners (AIP) acquired the MolyCop Group of companies including AltaSteel Ltd. and changed the name of the legal entity to MolyCop AltaSteel Ltd.; however continuing to do business as AltaSteel. |
2020 |
On March 16, 2020 AltaSteel was acquired by Kyoei Steel Ltd whom subsequently changed the name of the legal entity to AltaSteel Inc. The acquisition by Kyoei Steel brings an exciting new chapter for AltaSteel. Kyoei Steel is headquartered in Japan with operations in Japan, Vietnam and the USA. Kyoei Steel is a pioneer in the material recycling business, specialized in the melting treatment of medical waste and industrial waste using the arc heat of electric furnaces. Aligning AltaSteel with Kyoei Steel long history of best practice operation of mini mills will allow AltaSteel to continue to be a leading supplier to our valued customers |
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