Latest Algoma Steel News & Updates

See the latest news and media coverage for Algoma. We track all announcements, press releases, and industry mentions in real time, all in one place.

Algoma Steel (Algoma)

Canadian integrated steel sheet and plate producer

algoma.com

Headquarters: Sault Ste. Marie, Canada
Founded year: 1901
Company type: Public company
Number of employees: 1,000–5,000

Last updated Today

Latest news about Algoma Steel (Algoma)

In short: Algoma transitioned to electric arc furnace steelmaking while navigating financial losses, mass layoffs, and high U.S. tariffs on steel exports.

Company announcements

June 8 Algoma

Algoma partners with Hanwha and APMA for defence platforms

The MoU creates a fully domestic value chain for Canadian defence-grade steel production.

May 4 Algoma

Algoma welcomes Canada's $1.5 billion support for tariff-impacted industries

The funding aids steel competitiveness, supply chain, and jobs. Algoma thanks the government and anticipates collaboration for sustainable steel.

April 30 Algoma

Algoma Steel announces Q1 2026 results release

The webcast and conference call occur on May 13 at 11:00 a.m. ET to review results and developments.

April 7 Algoma

Algoma forms Roshel Algoma Defence joint venture

The partnership with Roshel establishes a Canadian Centre of Excellence for ballistic steel production, supporting defence procurements and creating jobs.

Media coverage

June 15 Yahoo Finance

Algoma Steel CEO walks away with $6.8 million in wake of 1,000 layoffs and billion-dollar loss

The United Steelworkers union (USW) released the following statement today regarding the disclosure of 2025 executive compensation packages at Algoma Steel in Sault Ste. Marie...

June 4 Stock Titan

Canada’s biggest steel decarbonization: Algoma shifts to electric arc furnaces

MARIE, Ontario, June 04, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of...

June 3 The Defense Post

Hanwha Ocean Strengthens Canada Submarine Bid with Algoma Steel Partnership

Hanwha Ocean has teamed with Ontario-based Algoma Steel to supply materials for armored vehicles and submarines that it has pitched for the Canadian Patrol Submarine...

June 1 The Globe and Mail

Algoma to supply metals for Hanwha combat vehicles if South Korean company wins sub contract

Algoma Steel WTCHF -8.03% will supply metals to the Canadian consortium that plans to build combat vehicles in partnership with Hanwha Group, should the South...

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