Algoma Steel Group Inc., a Canadian producer of hot and cold rolled steel sheet and plate products, has entered into a joint venture with Triple M Metal LP, one of North America’s largest privately owned ferrous and nonferrous metal recycling companies, establishing a jointly owned company known as ATM Metals Inc.
The new entity will source prime scrap metal and other iron units to meet Algoma’s business needs, including in connection with its potential transformation to electric arc steelmaking.
“Algoma and Triple M have a long history of working together, so this joint venture was a natural fit for both organizations,” added Chris Galifi, chief operating officer of Giampaolo Group Inc., which is the parent company to Triple M. “We are both engaged in the steel economy, including sourcing, processing, manufacturing and the recycling of metals.”
Published in the December 2021 Edition
