Queen’s Park is lending Algoma Steel $60 million to help the company remain competitive in the face of U.S. tariffs on steel and aluminum. That’s on top of some $90 million in federal money for the Sault Ste. Coils of steel are seen at at Essar Steel Algoma in Sault Ste. “Our government is committed to ensuring Algoma Steel remains competitive and sustainable in a tough market,” said Rickford. Algoma Steel has committed to spend $3.8 million annually over 21 years on cleaning up the site.

Source: thestar January 10, 2019 16:52 UTC