Algoma Steel Inc.

$60,000,000.00 CAD

≈ $1.45 for every person in Canada ≈ 775 Canadians' average pay for a year

Department: Federal Economic Development Agency for Southern Ontario
Program: CED & Diversification
Recipient country: Canada
Fiscal year: 2014-2015
Agreement period: October 1, 2014 – March 31, 2021
Reference: feddevontario:GC-2018-Q3-00043

Published purpose

Optimize productivity and reliability; improve cost competitiveness and market relevance; and ensure sustainability. Create 200+ new jobs, displace imports and strengthen supply chain capability.

In plain English AI-generated

Funding to Algoma Steel Inc. to improve productivity, reliability, cost competitiveness, and sustainability, supporting over 200 new jobs and strengthening domestic supply chains.

Category: Infrastructure Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported July 30, 2026 from open.canada.ca Grants & Contributions