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Canada: Canada provides funding for the transformation of a steel manufacturing facility from coal-fired steelmaking processes to Electric-Arc Furnace production

Description

On 5 July 2021, the government of Canada announced providing CAD 200 million (USD 162.3 million) to Algoma Steel Inc., to support the transition of the company to electric-arc furnace production. Fund...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Jul 2021

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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