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Global Trade Alert

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Canada: National and Ontario governments announced state aid to Algoma Steel Inc

Description

On 29 September 2025, the federal government of Canada announced a CAD 400 (USD 287.27) million loan to Algoma Steel Inc through the Large Enterprise Tariff Loan (LETL) facility. The support is provid...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Sep 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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