Algoma news today, Industry Minister Mélanie Joly said she received two commitments from … SAULT STE. Wednesday's news was not so good. Today's news was not so good. The laid-off staff … The following statement was released this afternoon by Sault MP Terry Sheehan in response to the news that Algoma Steel will be … Algoma Steel seeks government funding The Canadian recycled-content steelmaker cites the high U.S. On the heels of Monday's announcement of a half-billion … Nous voudrions effectuer une description ici mais le site que vous consultez ne nous en laisse pas la possibilité. … This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. CEO Michael Garcia said approximately 200 employees have been … MARIE, Ontario, Nov. Marie, Ont. Given the current weather conditions in Brampton and Sault Ste. have received layoff notices. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of steel … Calls grow for more provincial support after Algoma Steel layoffs Ontario Liberal MPPs are calling on the province to take immediate action … Garcia responded that Algoma Steel strives to have a perfect environmental record and it disappoints him that it falls short of that goal. MARIE, Ontario, Jan. Algoma Steel has issued 1,000 layoff notices, all part of a plan to fire up its Electric Arc Furnace quicker than anticipated and shut down its blast furnace and coke-making steel processes. is set to receive half a billion dollars in government loans to help it reorient its business away from the United … Algoma Steel Group Inc. is poised to benefit from improving market fundamentals in the steel business, says Michael Garcia, chief executive officer … MARIE, Ontario, Nov. Marie, … Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. has started using the heat cast off by the arcs of powerful electric currents to make greener steel. Algoma Steel Group Inc. Just over two months after it was announced Algoma Steel would receive $500 million in government loan guarantees, the steel producer said it was issuing 1,000 layoff notices to workers at … Federal Opposition Leader Pierre Poilievre has blamed a "bait-and-switch" by Prime Minister Mark Carney for causing the layoffs of 1,000 Algoma … Algoma Steel a remis 1000 avis de licenciement à des travailleurs de son usine de Sault-Sainte-Marie, en Ontario, malgré une aide de 500 millions de … Stay current with all the latest and breaking news about Algoma District, compare headlines and perspectives between news sources on stories happening today. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America’s leading producers of green steel. Residents of Sault Ste. has released its first statement after an outraged U.S. 26, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. President Donald Trump announced he's doubling his tariff on … Just over two months after it was announced Algoma Steel would receive $500 million in government loan guarantees, the steel producer said it was issuing 1,000 layoff notices to workers at … The following statement is from Michael Garcia, CEO, Algoma Steel: Yesterday was an incredibly difficult day for Algoma Steel and for Sault Ste. "I want … Friday update: Algoma Steel announced Friday that all five of its employees who were sent to hospital following this incident were treated and released. President Donald Trump. that reported the fire. Despite what Pierre Poilievre said earlier this week, Algoma Steel CEO Michael Garcia did not blame the industrial carbon tax for the mass layoffs … KEWAUNEE COUNTY – As of Jan. President Donald Trump announced he's doubling his tariff on … A new chapter in Canadian steelmaking begins in Sault Ste. “As part of the closure of its blast furnace and coke making operations, Algoma has made the difficult decision to issue approximately 1,000 … Algoma Steel, one of the largest steel manufacturers in Canada, has announced it will be laying off 1,000 workers in the coming months, roughly 40 … Reeling from high tariffs imposed by U.S. MARIE, Feb. In the news release announcing the guidance, the … OTTAWA – Algoma Steel Group Inc. 17, 2025 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. 23, Kewaunee High School Resource Officer Scott Szydel has announced his campaign to run for Kewaunee County Sheriff, following current Sheriff Joski’s … While much uncertainty remains, the United States has withdrawn its threat to impose double tariffs on Canadian steel and aluminum. But CEO Michael Garcia says the company, which is the … Federal Opposition Leader Pierre Poilievre has blamed a "bait-and-switch" by Prime Minister Mark Carney for causing the layoffs of 1,000 Algoma … But speaking today via teleconference to institutional investors, Garcia painted Algoma as a critical part of Prime Minister Mark Carney's plan to … Algoma Steel is being sued by an American steel company that alleges it backed out of purchasing millions of tons of iron ore pellets. 7 blast furnace was idled this week by an unspecified "event" that halted steel production. Reeling from high tariffs imposed by U.S. Stay updated with the latest Algoma, WI local news, trending, crime map, sports, celebrity updates, stock market trends, and more. Steel … Monday was a good-news kind of day at Algoma Steel. Federal Jobs Minister Patty Hajdu, centre, … Algoma Steel anticipates a loss of between $55 million to $65 million on its upcoming quarter. has issued guidance warning of losses in the fourth quarter of 2025. is set to receive half a billion dollars in government loans to help it reorient its business away from the United States as the federal government argues … Algoma Steel receives $500M in government loans to aid transition in steel markets The available liquidity will help Algoma transition away from the … Algoma Steel announced this morning that it has completed $500 million in financing arrangements with the federal and Ontario governments, as … The federal government announced a $400-million financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister … Even before the United States announced the imposition of tariffs at midnight Tuesday, Algoma Steel in Sault Ste. "From time to time … Algoma Steel is branding decreased steel shipment volumes, lower realized pricing and tariff-related costs, for a second-quarter net loss of $110.6 million, compared to net income of $6.1 … Monday was a good-news kind of day at Algoma Steel. It started at the home around noon. Mike Da … SAULT STE. Algoma said it’s paid $64.1 million in tariffs during the quarter and … Algoma Steel is reporting this morning that no one has been injured after an apparent industrial accident at its still-under-construction electric arc … Algoma Steel secures Canadian government support The recycled-content steelmaker receives loans from the Canadian and Ontario governments … OTTAWA — Algoma Steel Group Inc. Algoma is now expected to close its blast furnace and other relics of traditional steelmaking sooner than originally planned, moving more quickly into … Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U.S. Marie plate and … Canada to Lend Algoma Steel C$500 Million to Deal With U.S. According to an official, the house was fully engulfed when … Algoma Steel shares construction update on electric arc furnace On track to be completed in 2029, the $700-million electric arc steelmaking facility is … More than two dozen people participated in a local engagement session for the Sault’s Indigenous community today as Algoma Steel braces for … Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian … Crews were at the scene Tuesday of a fire at a home in the town of Algoma, near Oshkosh. 23, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. jumped after getting the C$500 million ($359 million) in government loans it sought to mitigate the 50% steel tariffs imposed by US … SooToday received the following letter about Algoma U pausing admissions on five low-enrolment programs. 2 news release, the Sault Ste. Marie, … As part of its transition to electric arc furnace production, Algoma Steel has decided to close two lines in its plate and strip complex. tariff rate as one reason it has applied to … 'Decision was not made lightly': Algoma U slashing up to 75 jobs 'Despite a year of cost-saving measures, we have unfortunately reached the … BREAKING: Algoma Steel switches leadership, reports $652-million operational loss in quarter Chief financial officer Rajat Marwah will take over as … Algoma Steel reports that a worker was hurt in an industrial accident on Tuesday. "Yesterday, one of our employees sustained an injury while preparing scrap for our operations and … Algoma Steel looks to break the tariff ice through Canadian shipbuilding and defence orders Sault Ste. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers. customers. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold … The plant announced today that South Korean-based Hanwha Ocean has committed to providing Algoma Steel with up to $345 … Prime Minister Justin Trudeau wrapped up a visit to the northern Ontario city of Sault Ste. ASTL-T is pivoting early to a full rollout of its electric arc furnace technology after securing a crucial $500 … Donald Trump’s trade war has wiped out more jobs at Algoma Steel. has tonight announced that steel-making has returned to normal after repairs on its No. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading … A representative from the national steel producers association said any Canadian company that sells more than 50 per cent of its steel to the United … TORONTO — Like some superhero channelling the power of lightning, Algoma Steel Inc. has released its first statement after an outraged U.S. Marie have … Algoma Steel's 315-foot-high No. It’s among the key reasons the … Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the … Add Yahoo as a preferred source to see more of our stories on Google. Algoma Steel CEO Michael Garcia told city council on Monday that all workers whose jobs will be impacted, or could be impacted, when the … Algoma Steel Group Inc. Another seven workers were "impacted" but ... Marie, where Algoma Steel has officially fired up its state-of-the-art electric arc furnace, … The Algoma Fire Department, who received assistance from Southern Door, Kewaunee, Luxemburg, and Casco Fire Departments remained … This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers. The minister of … Algoma Steel tags the loss from operations primarily on lower steel shipments, greater consumption of purchased coke and weakening … At least 20 supervisors and other salaried employees of Algoma Steel Group Inc. … Mélanie Joly issues update on federal response to Algoma Steel layoffs Federal industry minister spoke to reporters during a media scrum today … Algoma Steel Group Inc. As a founding industry in their … Algoma ships more than half of its production volume to U.S. U.S. President Donald Trump's tariff … Algoma Steel says it has issued 1,000 layoff notices to workers at its plant in Sault Ste. Last year, the city and the steel … Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario and Terry Sheehan, … Algoma Steel’s largest union has filed a grievance against the company for failing to mitigate the 900 layoffs announced yesterday. 7 blast furnace were completed … Algoma Steel Group Inc. Marie steelmaker hot on the trail to … Algoma Steel Group Inc. … In a blow to Essar Steel Algoma retirees, a Toronto judge has authorized the struggling steelmaker to stop paying $3.38 million it owes each … A ship that experienced a fire in its engine room at the eastern end of Lake Superior has arrived in Thunder Bay for assessment and repairs. 17, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. … Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. In total, 1,595 stories have been … Today Algoma is investing in its people and processes, working safely, as a team to become one of North America's leading producers of green steel. Marie on Friday with a stop at one of … Mélanie Joly made a site visit to Algoma Steel today to get a first-hand look at the company's first electric arc furnace. appears poised to miss the much-anticipated April startup of steel production from its new electric arc furnaces … Algoma Steel Group Inc. SooToday has spoken with the presidents of … Algoma Steel incurred $10.5 million in tariff-related costs in the first quarter of 2025. In a Jan. SooToday has spoken with the presidents of … News Municipal officials say that as each sedimentation lane is cleaned and brought back into operation, water production will gradually … Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building. 26 announcement of a half … Algoma University remains OPEN today, Wednesday, February 18, 2026. Tariff Squeeze — 2nd Update Provided by Dow Jones Sep 29, 2025, 7:27:00 AM Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U.S. The federal government announced a major loan to Algoma Steel on Monday morning, working with the Ontario government to give the Sault Ste. It’s among the key reasons the … 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. Canada's government is to provide C$400 million ($287.13 million) in financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on … Nous voudrions effectuer une description ici mais le site que vous consultez ne nous en laisse pas la possibilité. On the heels of the Sept. In an emailed response to Global News, the Ontario-based ... is expecting an insurance settlement in the $100-million range from January's piping collapse, which halted steel production … Shares of Canadian steelmaker Algoma Steel Group Inc. "We have … Algoma should have provided 'some notice' before wider outage: Goulais woman Jen Levesque said the power company could have alerted customers through the news rather than … Mayor Matthew Shoemaker is pressing Algoma Steel to dial back its once-grand vision for a public Port of Algoma. The … Algoma Fire Department says that it got a call around 3:30 p.m.

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