Algoma Steel to receive $500M in federal, Ontario loans

Global NewsMonday, September 29, 2025 at 1:43:34 PM
Algoma Steel to receive $500M in federal, Ontario loans
Algoma Steel Group Inc., based in Ontario, is set to receive a significant boost of $500 million in loans from both federal and provincial sources. This financial assistance is crucial for the company as it navigates the challenges posed by U.S. tariffs. The support not only helps Algoma Steel stabilize its operations but also underscores the government's commitment to protecting local industries and jobs, making it an important development for the region's economy.
— Curated by the World Pulse Now AI Editorial System

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