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Algoma Steel getting $500M in government loans to shift production from U.S.
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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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Source name: 
The Canadian Press
Unique identifier: CP175082334 
Legacy Identifier: n_Algoma-Steel20250929T1335 
Type: Video 
Duration: 1m10s 
Dimensions: 1920px × 1080px     63.20 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Create Date: 9/29/2025 1:35:00 PM 
Display aspect ratio: 16:9 
Tags
Algoma Steel Group Inc. Algoma Steel
business
business and finance
economy
government
loan
news
production
Sault Ste. Marie
steel
steel sector
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tariffs