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    Algoma speeds up EAF transition, shifts focus to supplying mostly plate to Canadian market

    Written by Laura Miller


    Upended by the Trump regime’s tornado of tariffs, Algoma Steel is pivoting its cross-border business model and shifting its focus to supplying the Canadian market. And with CA$500 million in fresh liquidity support from the Government of Canada, the steelmaker is accelerating its shift to electric-arc furnace (EAF) steelmaking.

    On Monday, the Sault Ste. Marie, Ontario-based company announced it has finalized CA$400 million loan facilities from the Government of Canada’s Large Enterprise Tariff Loan fund and CA$100 million loan facilities from the Province of Ontario.

    Laura Miller

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