4+ hour, 35+ min ago   (645+ words) The program is designed to encourage interprovincial trade, reinforce Canadian supply chains and build a more resilient economy. The federal government has launched a $100 million rebate program for the interprovincial transportation of eligible steel products by rail and marine. The…...

2+ day, 35+ min ago   (172+ words) A new federal program will rebate 50 per cent of eligible rail or marine transportation costs for Canadian steel moving between provinces and territories for up to a year. “Global trade is changing quickly, and Canada must adapt,” said Minister of…...

1+ week, 6+ day ago   (349+ words) Rajat Marwah, Algoma’s CEO, said in the release “the second quarter demonstrated the resilience of our transformed business against a stubbornly challenging industry backdrop." Algoma Steel has posted another quarterly loss. The three-month period ending June 30 has resulted in a…...

2+ mon, 3+ day ago   (242+ words) Ward 1 Coun. James Caicco said he’s invited Premier Mike Harris to meet with himself, Mayor John Rowswell and other community partners to discuss the situation at Algoma Steel. Old age caught up on the Harry Pearse Bandshell at Bellevue Park....

2+ mon, 1+ week ago   (559+ words) U.S. tariffs have forced the steelmaker to transform to EAF steelmaking quicker, and look to diversify its market to meet the expected domestic demand for Canada's defence industry. Algoma Steel has released its 2025 sustainability report that reflects on the changing steel…...

2+ mon, 1+ week ago   (956+ words) Algoma Steel continues to pursue opportunities in Canada's defence sector. The United Steelworkers union presidents are encouraged with government support. The federal government is continuing to engage with Algoma Steel and its unions to get a better understanding of what…...

2+ mon, 2+ week ago   (83+ words) Algoma Steel is telling its shareholders the company‘s board and management “took decisive action“ to respond to extraordinary challenges for the Canadian steel industry in 2025. Fiscal 2025 saw “extraordinary challenges for the Canadian steel industry.” The steelmakers virtual-only annual meeting…...

2+ mon, 4+ week ago   (340+ words) Algoma Steel Group lost nearly $160 million in the first quarter. Shipments stood at 223,681 tons between January and March. That’s a steep drop of more than 50 per cent compared to 469,731 tons in the same three-month span in 2025. Revenue plunged 42 per cent…...

2+ mon, 4+ week ago   (166+ words) SAULT STE. MARIE — Algoma Steel Group Inc. reported a net loss of $159.4 million during the first quarter, compared with a net loss of $24.5 million during the same period a year earlier. That amounted to a net loss per diluted common…...

3+ mon, 1+ week ago   (352+ words) The federal government has announced more relief for iindustries experiencing hardships as a result of the U.S. tariffs. Minister of Industry Mélanie Joly announced $1.5 billion to support several of Canada’s tariffed industries, including steel and aluminum. The funding will be used…...