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Newsroom Ready: Algoma Steel getting $500M in government loans to shift production from U.S.

Ontario-based Algoma Steel Group Inc. will receive $500 million in federal and provincial loan assistance to help reorient its business to cope with the impact of U.S. tariffs. The federal government said in a statement the impact of those tariffs on the steel sector is "profound." (Sept. 29, 2025)

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Unique identifier: CP175084361

Legacy Identifier: r_Algoma-Steel20250929T1335

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Duration: 1m10s

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Create Date: 9/29/2025 1:35:00 PM

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