Algoma Steel to cut 1,000 jobs, close blast furnace amid U.S. tariffs
Canadian steel giant Algoma Steel is laying off 1,000 workers and closing its blast furnace in Sault Ste. Marie, blaming crushing new U.S. tariffs.
Canadian steel giant Algoma Steel is laying off 1,000 workers and closing its blast furnace in Sault Ste. Marie, blaming crushing new U.S. tariffs that have slammed the door on its biggest export market, the company announced Monday.
Algoma, which employs about 2,500 workers, announced it will close its blast furnace and coke-mak…
