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Algoma Steel asks Ontario court to void contract with U. S. Steel
2+ day, 15+ hour 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…...
Some of Algoma Steel's 1, 000 planned layoffs will be postponed
1+ mon, 4+ day ago (609+ words) The axe will fall on Monday for hundreds of Algoma Steel employees, but work extensions are'being granted to some of them, company and union officials tell Soo Today. The Sault steelmaker announced Dec. 1 that it would issue layoff notices on…...
Algoma Steel signs early-stage agreement with South Korean sub builder
2+ mon, 4+ week ago (369+ words) Algoma Steel is pre-positioning itself with Hanwha Ocean in the hopes the South Korean ship builder will win the federal bid to supply Canada with new submarines. The Sault Ste. Marie steelmaker announced Jan. 26 that it had signed a binding…...
Algoma Steel posts $985-million loss after punishing year of tariffs
1+ mon, 1+ week ago (831+ words) Algoma Steel has closed the books on a historically rocky 2025 that saw the Sault Ste. Marie sheet and plate maker incur an annual net loss of almost a billion dollars and forced an exit from a tariff-strewn U. S. market. The company…...
With layoffs looming, Algoma Steel wants a property tax cut
3+ mon, 2+ week ago (1130+ words) Algoma Steel is fighting for a break on its property taxes, pursuing an assessment appeal that could cost city coffers millions of dollars in lost revenue. Soo Today has learned that the struggling steelmaker " which recently received $500 million in loans'from…...
U. S. judge sends Algoma Steel-U. S. Steel iron ore contract dispute to arbitration
3+ mon, 2+ week ago (590+ words) If struggling Algoma Steel wants to terminate an iron ore contract with U. S. Steel, it'll have to do so in an arbitration hearing in Pittsburgh, according to a U. S. district judge. In a Dec. 12 opinion, Judge Marilyn Horan in the Western District…...
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