Algoma Steel Inc.

$30,000,000.00 CAD

≈ $0.72 for every person in Canada ≈ 388 Canadians' average pay for a year
Department
Innovation, Science and Economic Development Canada
Program
SIF - Steel and Aluminum Program
Recipient country
Canada
Fiscal year
2018-2019
Agreement period
December 1, 2018 – April 30, 2034
Reference
ic:033-2018-2019-Q4-812918

Published purpose

This project will modernize its plate mill to increase productivity and product capabilities through hot mill reliability improvements, an accelerated cooling project, plate finishing initiatives, plate leveller and reheat infrastructure upgrades, steelmaking vessel upgrades, a roll efficiency program, and a revitalization initiative.

In plain English AI-generated

Funding to modernize Algoma Steel's plate mill in Canada, including upgrades to hot mill reliability, cooling, finishing, leveller, reheat infrastructure, steelmaking vessels, and roll efficiency.

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 August 3, 2026 from open.canada.ca Grants & Contributions