Canada’s Algoma Steel to Cut 40% of Staff as Tariffs Crush Sales
Canadian steelmaker Algoma Steel Group Inc. will let go of 1,000 employees and close its blast furnace in northern Ontario within months as it seeks to stem losses resulting from...
By Derek Decloet · Bloomberg Markets
Canadian steelmaker Algoma Steel Group Inc. will let go of 1,000 employees and close its blast furnace in northern Ontario within months as it seeks to stem losses resulting from US tariffs.