Algoma looks to sell more steel in Canada in wake of Trump's tariffs

With 25% tariffs imposed on Canadian steel imports, companies like Sault Ste. Marie, Ontario-based Algoma Steel have to weigh whether to absorb those costs or pass them on to buyers.

For the time being, Algoma is choosing the former. “You can assume we’re eating a big part of that tariff,” said Michael Garcia, CEO. “I’m not going to say it’s 100%, but we’re eating a part of it.”