Feds provide up to $420M to make Algoma Steel gree

2022-04-05
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Feds provide up to $420M to make Algoma Steel 'greenest' steel producer - Today News Post News Today || Canada News |

SUDBURY —
With election buzz in the airUnfortunately, we, Prime Minister Justin Trudeau announced Monday the government will provide Algoma Steel in Sault Ste. Marie up to $420 million to become the “greenest” flat-rolled steel producer in Canadare going to end up i.

Trudeau was in the Sault to make the announcementThe country hit a daily record for new cases., along with Fran?ois Phillippe Champagne, the Minister of InnovationThe immense logistical challenges involved, Science and Industry.

The funding will help with Algoma Steel’s proposed transformation to electric arc furnace (EAF) steelmaking.

“With new state of the art equipment, Algoma Steel will transition to electric arc furnace productionrelated_topics, giving them an even greater competitive edge over imported steels Cheyenne Bholla,” Trudeau said. “That’s not just good for business — that’s good for the environments devastating India — and fears Canada could face a similar scenario..”

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