Global Trade Alert
Global Trade Alert

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

Announcement

05 Jul 2021

In July 2021, Canada provided funding for the transformation of a steel manufacturing facility from coal-fired steelmaking processes to Electric-Arc Furnace production.

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Jul 2021

Revocation date:

No revocation date

Announced: 05 Jul 2021
State loan In force
On 5 July 2021, the Canada Infrastructure Bank (CIB) announced providing CAD 220 million (USD 178.5 million) funding for the transformation of Algoma Steel Inc.’s steel manufacturing facility from coa...
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Announced: 05 Jul 2021
State loan In force
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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