2+ week, 1+ day ago  (790+ words) On Jan. 18 of this year, Algoma Steel announced it had permanently shut downits No. 7 blast furnace and its associated coke batteries. That, we were told, was the end of coal-based integrated steelmaking in Sault Ste. Marie. Going forward, Algomawould now…...

2+ week, 3+ day ago  (361+ words) Rajat Marwah, Algoma Steel's plain-spoken'new president and chief executive officer, shot straight from the hip'during a Wednesday-morning address to investors. Talking about the effect tariffs have had recently on his company, Marwah'credited them for having'"reinforced the strategic value of…...

2+ week, 4+ day ago  (712+ words) Algoma Steel CEO Rajat Marwah is calling the dismal 2025 first-quarter performance for the Sault Ste. Marie steel producer a "genuine turning point" in making the transition to a new era of steelmaking. The company is reporting record plate sales in…...

2+ week, 4+ day ago  (689+ words) Algoma Steel Group achieved record plate sales during the three months ended March 31, 2026. But the Sault steelmaker is still hemorrhaging cash, posting a first-quarter net loss of$159. 4 million, compared to $24. 5 million during the same quarter last year. Direct tariff costs…...

1+ mon, 1+ week ago  (544+ words) Algoma Steel is asking an Ontario court to nullify an iron ore contract it signed with U. S. Steel, one of its suppliers. Filed by Algoma Steel in Sault Ste. Marie on Sept. 29, 2025, the lawsuit is separate from one filed by U. S. Steel…...

2+ mon, 1+ week ago  (478+ words) Months'after issuing layoff notices to'1, 000 workers effective today, Algoma Steel says reductions are'rolling out in stages. Soo Today visited the plant today and found it'eerily quiet. The company says voluntary departures have already occurred, with further job losses planned in…...

2+ mon, 2+ week ago  (681+ words) The Canadian government has placed restrictions on salaries, bonuses and other compensation for top executives at Algoma Steel. Documentation filed this month with regulatory agencies shows unspecified limitations on executive compensation were included in the fine print of $500 million in…...

2+ mon, 2+ week ago  (403+ words) Algoma Steel has tentatively settled charges laid against it after a lubricant spill into the St. Marys River four years ago. "On June 9, 2022, the company experienced an incident involving the release of an oil-based lubricant from its hot mill in…...

2+ mon, 2+ week ago  (543+ words) With an estimated 1, 000 Algoma Steel employees facing layoffs later this month, the company's president Rajat Marwah today reassured his workforce of Algoma's ongoing commitment to them. Last night, the Sault steelmaker announced it lost almost a billion dollars in 2025. The…...

2+ mon, 2+ week ago  (567+ words) Shellacked by U. S tariffs and low shipments, Algoma Steel Group Inc. endured a fourth-quarter net loss of $365 million, compared to $66. 5 million lost in the same quarter last year. For the full year, the Sault steelmaker's net loss was $985 million, compared…...