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    Algoma Steel Getting $500M in Government Loans to Shift Production From US

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    By The Canadian Press

    Copyright theepochtimes

    Algoma Steel Getting $500M in Government Loans to Shift Production From US

    Ontario-based Algoma Steel Group Inc. will receive $500 million in federal and provincial loan assistance to help reorient its business to cope with the impact of U.S. tariffs.

    Ottawa’s $400 million in financial assistance will come from the Large Enterprise Tariff Loan program. The Ontario government will also provide $100 million to the Sault Ste. Marie, Ont.-based company.

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