Global Trade Alert
Global Trade Alert

Canada: Federal and provincial support to Algoma Steel

Announcement

10 Jan 2019

The Canadian federal government and the provincial government of Ontario will provide an array of repayable contributions and a loan to this steelmaker.

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 Jan 2019

Revocation date:

No revocation date

Updated: 10 Jan 2019
State loan In force

In addition, the Ministry of Energy, Northern Development and Mines of the government of Ontario will provide a Can.$60 million (U.S.$45.5 million) loan.

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Updated: 10 Jan 2019
State loan In force

On January 10, 2019, Algoma Steel Inc. announced that it had secured support from both the federal government of Canada and the provincial government of Ontario for its Sault Ste. Marie steel sheet...

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