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
Updated: 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...
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Updated: 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. F...
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