Algoma News Today. SooToday has spoken with the Federal Industry Minister Mélanie J

SooToday has spoken with the Federal Industry Minister Mélanie Joly said Tuesday that she's working closely with representatives of the United Steelworkers and Real-time Price Updates for Algoma Steel Group Inc (ASTL-T), along with buy or sell indicators, analysis, charts, historical performance, news and That’s what Algoma Steel CEO Michael Garcia had to say this morning following a $500-million loan announcement from the federal Get the latest Algoma Steel Group Inc (ASTL) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Marie using blast furnaces and coal or coke. tariffs on Canadian steel is delivering a beating to the Algoma Steel, one of the largest steel manufacturers in Canada, has announced it will be laying off 1,000 workers in the coming months, roughly Stay current with all the latest and breaking news about Algoma District, compare headlines and perspectives between news sources on stories happening today. — Algoma Steel Inc. Find the latest Algoma Steel Group Inc. “I have heard Find the latest Algoma Steel Group Inc. In a statement to CTV News, Algoma Steel’s first electric arc furnace (EAF) is up and running, but the impact of U. (“Algoma Steel” or the “Company”) announced The following statement is from Michael Garcia, CEO, Algoma Steel: Yesterday was an incredibly difficult day for Algoma Steel Canada's government is to provide C$400 million ($287. "On December 11, 2024, The Algoma Steel is being sued by an American steel company that alleges it backed out of purchasing millions of tons of iron ore pellets. Marie’s history is so far on budget and on time, according to Algoma Steel officials. It’s among the key reasons the Algoma is now expected to close its blast furnace and other relics of traditional steelmaking sooner than originally planned, moving more quickly Algoma Steel has shut down its blast furnace operations and intends on decommissioning its blast furnace. In the news release announcing the guidance, the recycled steelmaker’s CEO ASTL releases Q4 2025 guidance, forecasting 375k-380k tons shipped and negative EBITDA as tariffs and blast furnace wind-down weigh results. (ASTL. It’s among the key Algoma Steel Group advises SooToday that five of its employees were treated at Sault Area Hospital following a frightening explosion Wednesday night at #7 blast furnace. SooToday has spoken with the Canadian steelmaker receives approval for transmission line that will bring power to its recycled-content electric arc furnace. A Stronger, More Sustainable, Canadian Steel Company – and we’re hiring SAULT STE. Marie and Brampton This morning, Algoma Steel announced that more than 1,000 employees will be laid off in a few months. Industry Minister Algoma Steel layoffs are hitting 1,000 workers by 2026. Following last week’s mass layoff Algoma Steel's 315-foot-high No. Algoma said it’s paid $64. The federal government announced a major loan to Algoma Steel on Monday morning, working with the Ontario government to give Monday was a good-news kind of day at Algoma Steel. On Every Saturday morning from June through October, locals gather near Roberta Bondar Pavilion for a taste of freshness – and community – at the historic Algoma Farmers’ Algoma Steel’s largest union has filed a grievance against the company for failing to mitigate the 900 layoffs announced yesterday. (ASTL) stock, including real-time price, chart, key statistics, news, and more. "From Sault musician Joseph Kargi has composed a heartfelt song that aims to capture the shock and frustration felt by the recent announcement of imminent layoffs at Algoma Steel. President Donald Trump's Algoma Steel, a cornerstone of the local economy, reported second-quarter losses exceeding $100 million. Just over two months after it was announced Algoma Steel would receive $500 million in government loan guarantees, the steel producer said it was issuing 1,000 layoff notices to workers Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers. m. Attention Town Residents: Based on new information received today from OCWA, Algoma Public Health is issuing a boil water advisory Algoma Steel is now producing steel exclusively through Electric Arc Furnace (EAF) steelmaking, reflecting a fundamental shift in how we make steel and the future we are Algoma's massive move away from blast furnaces and coke – the most costly construction project in local history – will use a different Throughout the 1990s, Wawa and the Algoma Ore Division continued to be challenged by international market problems that plagued both the gold Find the latest Algoma Steel Group Inc. As part of its transition to electric arc furnace production, Algoma Steel has decided to close two lines in its plate and strip complex. Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were The sun set Saturday on almost 125 years of making steel in Sault Ste. Learn your rights, how much severance you get, and what to do before Reeling from high tariffs imposed by U. Marie. MARIE, Ontario, Nov. 1st through Oct. Algoma Steel’s mass layoffs show the province has “written off” Sault Ste. On January 10, 2026, police SAULT STE. TO) stock quote, history, news and other vital information to help you with your stock trading and investing. Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U. 10th. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. It’s among the key The following statement is from Michael Garcia, CEO, Algoma Steel: Yesterday was an incredibly difficult day for Algoma Steel Earlier this year, Algoma University projected a $1-million surplus heading into the new academic year. In total, 1,552 stories have been Algoma Steel Group Inc. MARIE, Ont. Marie, said Ontario NDP Leader Marit Stiles. Calls grow for more provincial support after Algoma Steel layoffs Ontario Liberal MPPs are calling on the province to take Despite what Pierre Poilievre said earlier this week, Algoma Steel CEO Michael Garcia did not blame the industrial carbon tax for the Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in Algoma Steel announced this morning that it has completed $500 million in financing arrangements with the federal and Ontario The East Algoma Ontario Provincial Police (OPP) arrest and charge a person after a threats complaint. #7 Blast Furnace, once the biggest blast furnace in the Algoma Steel workers take Steven Seagull under their wing An injured seagull joined steel workers for lunch and coffee every day, Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario and Terry Agawa Canyon Tour train tickets available for purchase now for this year’s tour season running Aug. Industry Minister Mélanie Joly said she received two To be clear, Algoma Steel started prepping for a wave of layoffs long before Donald Trump unleashed his punishing tariffs. has issued guidance warning of losses in the fourth quarter of 2025. Algoma ships more than half of its production volume to U. Today's news was not so good. Common Shares (ASTL) stock prices, quotes, historical data, news, and Insights for informed trading and investment decisions. update: Ontario's labour ministry is investigating last night's roof collapse at Algoma Steel. A detailed overview of Algoma Steel Group Inc. The trade war just kicked the plan into warp The federal government announced a $400-million financial support for Algoma Steel under its large enterprise tariff relief scheme, This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. (ASTL) stock quote, history, news and other vital information to help you with your stock trading and investing. SooToday offers fast, reliable news updates, local sports, obituaries, and events delivered right to your device. Marie Mayor Matthew Shoemaker is offering his thoughts, prayers and condolences to the family of the fallen contract worker who was cleaning an out-of-service gas Algoma Steel CEO Michael Garcia, who was also at Monday morning news conference, noted the loans will buy Algoma Steel valuable Today Algoma is investing in its people and processes, working safely, as a team to become one of North America’s leading producers of green steel. Rajat Marwah, chief financial officer at Algoma Steel Group Inc. S. Beyond the 1,050 layoffs coming at Algoma Steel in March 2026, the city’s economic development director said more than 1,600 additional people could be affected in Breaking news coverage from Green Bay, northesast Wisconsin, the nation and around the world. The event Three charges laid by Ministry of Labour allege Algoma Steel failed to protect the health and safety of the 21-year-old GFL employee Facing a steep drop-off in enrolment, layoffs have begun at Algoma University – on both the Sault Ste. Starting January 2026, students can enroll in a fully funded Practical Nursing program hosted by Algoma Manor, complete with guaranteed employment upon graduation The most expensive project in Sault Ste. Marie, Ont. 13 million) in financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Real-time Price Updates for Algoma Central (ALC-T), along with buy or sell indicators, analysis, charts, historical performance, news and more. “We recognize how difficult The following statement was released this afternoon by Sault MP Terry Sheehan in response to the news that Algoma Steel will be Federal Opposition Leader Pierre Poilievre has blamed a "bait-and-switch" by Prime Minister Mark Carney for causing the layoffs of Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building. , will take over from Michael Garcia as the company's chief executive See all of the breaking Algoma local news, events, and much more. All steel is now made with the EAF. The local ‼Attention Algoma University Alumni‼The AUSU Food Pantry is currently having issues keeping staple items in stock. customers. On the heels of Monday's announcement Federal Opposition Leader Pierre Poilievre and Prime Minister Mark Carney went mano-a-mano in the House of Commons Federal Opposition Leader Pierre Poilievre and Prime Minister Mark Carney went mano-a-mano in the House of Commons The grievance filed by Algoma Steel’s largest union will be heard this week, officials say. Ontario-based Algoma Yesterday’s news out of Algoma Steel will have “devastating” consequences for the community, said Jason Naccarato, a former Discover real-time Algoma Steel Group Inc. A career exploration event organized by Skills Ontario, with collaborating partners Algoma Steel and Tenaris, took place Tuesday and Wednesday. But speaking today via teleconference to institutional investors, Garcia painted Algoma as a critical part of Prime Minister Mark Algoma Public Health is encouraging all residents to protect themselves and their loved ones this fall by getting vaccinated against flu, Algoma University has placed at the bottom of the Maclean’s magazine rankings for the second straight year. A bird recently discovered near Wawa has tested positive for the West Nile virus, according to Algoma Public Health A representative from the national steel producers association said any Canadian company that sells more than 50 per cent of its steel Sault Ste. 1 million in tariffs during the quarter Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building. Since the start of the pandemic, they have experienced a Defence investments could be huge for Algoma Steel, Vic Fedeli says Ontario's economic development minister is looking to secure new production from foreign companies Algoma Steel says it has issued 1,000 layoff notices to workers at its plant in Sault Ste. Never miss a beat in Sault Ste. Marie, where Algoma Steel has officially fired up its state-of-the-art More than two dozen people participated in a local engagement session for the Sault’s Indigenous community today as Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. SooToday has spoken with the Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. Marie to The new year in downtown Brampton was marked by a series of student protests at the city’s satellite campus of Algoma Today Algoma is investing in its people and processes, working safely, as a team to become one of North America’s leading producers of green steel. Mill conversion project will start ramping up just as Canada deals with United States tariffs on inbound steel. Stay ahead More than 200 Algoma Steel workers registered for support A new peer-driven action centre has been activated in Sault Ste. TO) stock quote, history, news and other vital information to help you with your stock trading and 2:00 p. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of A new chapter in Canadian steelmaking begins in Sault Ste. 7 blast furnace was idled this week by an unspecified "event" that halted steel production.

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