Algoma Steel Gets $359 Million Loan to Become Less US Reliant

Shares of Canadian steelmaker Algoma Steel Group Inc. jumped after getting the C$500 million ($359 million) in government loans it sought to mitigate the 50% steel tariffs imposed by US President Donald Trump.

Read more: https://www.bloomberg.com/news/articles/2025-09-29/algoma-steel-gets-c-500-million-loan-to-become-less-us-reliant