Algoma Steel Group Inc. comments on trade impasse and tariffs in Canada, concerns over 50% Section 232 tariff on Canadian steel impacting operations and outlook. The company is investing over C$900 million in electric arc furnace steelmaking to lower carbon footprint and improve cash flow. Considering alternatives to boost liquidity due to ongoing uncertainty. Exploring LETL program for $500 million in support. CEO emphasizes need for policy support to ensure Canadian steel industry remains strong for economic, environmental, and national security reasons. Algoma aims to emerge as a vital part of Canada’s nation-building agenda.

Read more at GlobeNewswire: Algoma Steel Comments on Ongoing Trade Impasse and