still nothing out about Algoma in Sault Ste marie..

MAGA has also been given the go-ahead to consult with key management on issues and receive business plan and financial statement information in accordance with a non-disclosure agreement.

The information gathering sessions expire on Sept. 8 when a revised offer to the consenting creditors is due, the due diligence

protocol states

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Algoma has been touted as the most desirable location to make stainless steel because it has the closest port to the ROF.

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Today...Outokumpu had some news..

http://www.outokumpu.com/en/news-events/press-release/Pages/Outokumpu-802872.aspx

Outokumpu takes graphite electrode upcharge in use

I suppose if you want to control all future costs when making stainless..you really have to make sure you have no weaknesses.

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The graphite electrodes are used in the electric arc furnaces. These electric arc furnaces are used to produce stainless steel.

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But, once Ontario has it's stainless steel operation going...we'll be ok in the graphite electrode dept.

A dominant player in the graphite electrode industry  Graftech headquartered in OHIO USA.. (who competes against companies like Baosteel)...already swallowed up some fish.

https://en.wikipedia.org/wiki/GrafTech

In late 2010, GrafTech acquired two companies: Seadrift Coke LP, a manufacturer of needle coke, which is an essential component in the production of graphite electrodes; and C/G Electrodes LLC, which manufactures graphite electrodes.[5]

In February 2011, the company acquired Micron Research Corporation, a manufacturer of superfine-grained graphite.

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And ...a couple of years ago...a Very big fish swallowed up Graftech. That company was Brookfield Asset Management

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Brookfield Asset management must have a crystal ball...they are so ahead of the game.

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from the past......

https://beta.theglobeandmail.com/report-on-business/rob-magazine/ceo-of-the-year-big-mick/article18178592/?ref=http://www.theglobeandmail.com&page=all

Brookfield knew a buyer for the 20% would emerge quickly because Falconbridge was a big name, with enviable assets and rising profits and cash flow. It was the world's fourth-largest producer of nickel and copper, fifth in zinc and owned 10% of the primary aluminum market in the United States. Anyone who bought the company would take an instant leap forward in the rankings: A medium-sized player (by global standards) could use Falconbridge to become a top-tier company; a top-tier company could use Falconbridge to protect its hilltop fortress.

Almost every mining company in the world--Inco, CVRD, China Minmetals, Vancouver's Teck Cominco, among others--knew the Brookfield stake was available. All hesitated--that is, all except Davis. In mid-August of 2005, only six weeks after the completion of the Falconbridge-Noranda merger, Xstrata snapped up Brookfield's Falconbridge stake for $28 (Canadian) a share. The price tag: about $2 billion (Canadian). It wasn't control and it wasn't a blocking position, but it gave Xstrata a head start over every other potential contender.

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Now, who will emerge...with offtake agreements for Chromite and Zenyatta's graphite.