The plant is on the cusp of entering a new era of steel production with the first of two $880-million electric arc furnaces (EAF) entering first steel production in April.
All this is happening in the opening rounds of a fast-evolving trade environment, with the Trump administration hammering the Canadian steel and aluminum sector with 25 per cent tariffs on American imports.
Canada has hit back with a dollar-for-dollar 25 per cent tariff on American steel and aluminum imports.
Ottawa’s actions this week to slap retaliatory tariffs will certainly help Algoma’s cause, Garcia said, since there’s approximately 3.5 million tonnes of U.S.-made steel that’s been circulating in the Canadian market over the last 12 months.
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