Algoma News Today. In an emailed response to Global News, the Ontario-based Dec 4, 2025

In an emailed response to Global News, the Ontario-based Dec 4, 2025 · Beyond the 1,050 layoffs coming at Algoma Steel in March 2026, the city’s economic development director said more than 1,600 additional people could be affected in the city. Reeling from high tariffs imposed by U. (ASTL) stock quote, history, news and other vital information to help you with your stock trading and investing. Steel, it’ll have to do so in an arbitration hearing in Pittsburgh, according to a U. Oct 27, 2025 · Algoma man, 27, identified as person found dead after explosion at Door County resort Resort employees were flushing water lines to winterize the resort when a 3,000-gallon water tank exploded. Oct 29, 2025 · The Canadian steelmaker says Rajat Marwah will take over as its CEO as it ramps up its recycled-content electric arc furnace. "The shutdown of our primary operations commenced today with our cokemaking assets," Laura Devoni, vice-president for human resources and corporate affairs, tells SooToday. Dec 3, 2025 · Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in Discover real-time Algoma Steel Group Inc. Dec 7, 2025 · Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building. S. Marie, where Algoma Steel has officially fired up its state-of-the-art electric arc furnace, producing green steel under its new brand Dec 2, 2025 · This morning, Algoma Steel announced that more than 1,000 employees will be laid off in a few months. As the exploitation of international students at post-secondary Jan 18, 2025 · As part of its transition to electric arc furnace production, Algoma Steel has decided to close two lines in its plate and strip complex. On January 10, 2026, police Read More » 14 ° Clear Forecast Serving Algoma, Casco, Kewaunee, Luxemburg and all of Kewaunee County Advanced search Stay current with all the latest and breaking news about Algoma District, compare headlines and perspectives between news sources on stories happening today. See all of the breaking Algoma local news, events, and much more. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers. Marie, Ontario 5 days ago · A 122-year tradition of making steel using blast furnaces and coal/coke is coming to an end today at Algoma Steel. During Monday’s Question Dec 1, 2025 · Devoni said the company has been “significantly impacted by the unprecedented tariffs imposed by the United States. Sep 20, 2024 · 18 ° Clear Forecast Serving Algoma, Casco, Kewaunee, Luxemburg and all of Kewaunee County Advanced search 4 days ago · SEATTLE (Scrap Monster): A 122-year tradition of making steel using blast furnaces and coal/coke is coming to an end today at Algoma Steel. Marie Dec 1, 2025 · Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U. 29. Dec 2, 2025 · The following statement is from Michael Garcia, CEO, Algoma Steel: Yesterday was an incredibly difficult day for Algoma Steel and for Sault Ste. 4 days ago · The East Algoma Ontario Provincial Police (OPP) arrest and charge a person after a threats complaint. 00. In total, 1,552 stories have been published about Algoma District which Ground News has aggregated in the past 3 months. Dec 5, 2025 · Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. Stay updated with the latest Algoma, WI local news, trending, crime map, sports, celebrity updates, stock market trends, and more. Marie — most of all for the workers and their Oct 29, 2025 · Rajat Marwah, chief financial officer at Algoma Steel Group Inc. Sep 18, 2025 · Earlier this year, Algoma University projected a $1-million surplus heading into the new academic year. m. “Today, Algoma announced it's Jan 9, 2026 · One of 1,000 employees losing their jobs in Sault Ste. With small class sizes, hands-on learning, and professors who truly care, academic excellence feels personal here. governmental action, and importantly, to continue our transformation for the future Mar 14, 2025 · Mill conversion project will start ramping up just as Canada deals with United States tariffs on inbound steel. Dec 3, 2025 · Algoma Steel’s largest union has filed a grievance against the company for failing to mitigate the 900 layoffs announced yesterday. 5 days ago · Zacks Research upgraded Algoma Steel Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. Photo courtesy of Algoma Steel Sep 29, 2025 · Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario and Terry Sheehan, Member of Parliament for Sault Ste. "We have made the decision to indefinitely idle the 106 Aug 30, 2024 · Canadian steelmaker receives approval for transmission line that will bring power to its recycled-content electric arc furnace. “We recognize how difficult this news is for our entire Thunderbird community,” Embleton Nov 17, 2025 · Algoma Steel announced this morning that it has completed $500 million in financing arrangements with the federal and Ontario governments, as previously announced on Sept. , will take over from Michael Garcia as the company's chief executive officer effective Jan. It’s among the key reasons the provincial government loaned $100 million to the company this Dec 1, 2025 · This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. Marie using blast furnaces and coal or coke. 6 days ago · Algoma Steel expects to report another loss in its upcoming fourth-quarter results. 1 million in tariffs during the quarter and $74. , the power went out briefly across the Algoma Region – spanning as far as Sault Ste. Never miss a beat in Sault Ste. 12 Sep 29, 2025 · The federal government announced a $400-million financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on Monday. "The shutdown of our primary operations commenced today with our cokemaking Reeling from high tariffs imposed by U. Jul 30, 2025 · Algoma ships more than half of its production volume to U. Join Village Media's Scott Sexsmith for a rundown of all the need-to-know stories Jan 9, 2026 · Algoma Steel Inc. In a Dec. Nov 23, 2025 · ALGOMA TWP. Stay ahead with Nasdaq. “I have heard from those workers. has issued guidance warning of losses in the fourth quarter of 2025. It’s among the key reasons the provincial government loaned $100 million to the company this Nov 13, 2025 · More than two dozen people participated in a local engagement session for the Sault’s Indigenous community today as Algoma Steel braces for hundreds of layoffs and job cuts. Marie, Wawa and Blind River, and communities in Dec 13, 2025 · Algoma Steel Group (ASTL) RBC Capital analyst James McGarragle CFA maintained a Hold rating on Algoma Steel Group on December 10 and set a price target of C$6. customers. Dec 18, 2025 · Algoma Steel workers take Steven Seagull under their wing An injured seagull joined steel workers for lunch and coffee every day, becoming a friend to over a dozen employees Oct 26, 2025 · Algoma University has placed at the bottom of the Maclean’s magazine rankings for the second straight year. Industry Minister Mélanie Joly said she received two commitments from Algoma Steel Jan 5, 2026 · If struggling Algoma Steel wants to terminate an iron ore contract with U. As of Monday, December 01, Algoma Steel Group Inc. tariffs take a toll, Algoma Steel has announced it expects fourth-quarter losses of between $95 million and $105 million. ’s ASTL share price has dipped by 6. On the heels of Monday's announcement of a half-billion dollars in federal and provincial loans, the company Dec 5, 2025 · Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building. #7 Blast Furnace, once the biggest blast furnace in the British Commonwealth Jan 12, 2026 · ASTL releases Q4 2025 guidance, forecasting 375k-380k tons shipped and negative EBITDA as tariffs and blast furnace wind-down weigh results. Sep 29, 2025 · That’s what Algoma Steel CEO Michael Garcia had to say this morning following a $500-million loan announcement from the federal and provincial governments, as the steel plant looks to weather Dec 1, 2025 · This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. President Donald Trump. 7 million tons per year of EAF capacity ramps up. 6 days ago · Algoma Steel's $100 million quarterly loss reveals the brutal cost of replacing blast furnaces with electric arc technology while navigating Trump's tariffs. Dec 3, 2025 · Calls grow for more provincial support after Algoma Steel layoffs Ontario Liberal MPPs are calling on the province to take immediate action following the announcement that Algoma Steel will lay Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U. “Our fourth-quarter results were in line with expectations, reflecting the continued impact of steel tariffs and the previously announced wind-down of our blast furnace operations, which are expected to 4 days ago · A 122-year tradition of making steel using blast furnaces and coal/coke is coming to an end at Algoma Steel. Dec 3, 2025 · Federal Industry Minister Mélanie Joly said Tuesday that she's working closely with representatives of the United Steelworkers and Algoma Steel Group Inc. "The continuation of Section 232 tariffs has effectively closed the U. Ontario-based Algoma Steel is poised to become a high-volume consumer of ferrous scrap as its 3. Jan 9, 2026 · Algoma Steel expects to post an adjusted loss before deductions in the range of $95 million to $105 million for its upcoming fourth-quarter results. announced Thursday that it expects a fourth-quarter adjusted EBITDA in the range of negative $95 million to negative $105 million. Please see attached the notice […] Jul 28, 2025 · In a late July news release titled “Comments on [the] ongoing trade impasse and prolonged tariff environment,” Algoma notes it is nearing completion of its $650 million investment in recycled-content electric arc furnace (EAF) steelmaking. The current assessment is approximately Oct 8, 2025 · Algoma Steel is being sued by an American steel company that alleges it backed out of purchasing millions of tons of iron ore pellets. update: Ontario's labour ministry is investigating last night's roof collapse at Algoma Steel. SooToday has spoken with the presidents of both unions — local 2724 and local 2251 — who Big Congratulations to Our Students! We’re thrilled to celebrate three outstanding students who have secured admission to Algoma University, Canada — and that’s not all! Each student Oct 30, 2025 · Algoma Steel's chief executive officer Michael Garcia will jump ship at the end of this year, but he says the Sault steelmaker's ship is far from sinking. Algoma has spent the first half of this decade investing in a large tonnage recycled steel-fed electric arc furnace (EAF) production line. 5 days ago · As U. "Fiscal 2025 second Dec 11, 2024 · 2:00 p. district judge. , Mich. Today's news was not so good. 6 million in total through the first half of 2025. Dec 2, 2025 · Yesterday’s news out of Algoma Steel will have “devastating” consequences for the community, said Jason Naccarato, a former president of the Sault Chamber of Commerce. Common Shares (ASTL) stock prices, quotes, historical data, news, and Insights for informed trading and investment decisions. Steel says Algoma agreed to purchase the iron ore 3 days ago · News EU warns against Trump's tariffs threat over Greenland EU Commission chief Ursula von der Leyen and Antonio Costa, president of the European Council, issued the joint statement hours after Trump threatened multiple European nations with tariffs of up to 25 per cent. The company said the change is Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in Sep 29, 2025 · Algoma Steel CEO Michael Garcia, who was also at Monday morning news conference, noted the loans will buy Algoma Steel valuable time to meet ongoing tariff-related challenges. Dec 2, 2025 · Federal Opposition Leader Pierre Poilievre has blamed a "bait-and-switch" by Prime Minister Mark Carney for causing the layoffs of 1,000 Algoma Steel workers. Marie—Algoma, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, alongside Will Bouma, Parliamentary Assistant to the Minister of . In the news release announcing the guidance, the recycled steelmaker’s CEO makes remarks indicating the company cannot rely on the reopening of a tariff-free United States market. Marie — most of all for the workers and their Apr 25, 2025 · Trump is 'threatening Canadian workers in auto manufacturing and workers throughout the industry's supply chain, including here at Algoma,' said Mark Carney while campaigning in Sault Ste. SooToday has spoken with the presidents of both unions – local 2724 and local 2251 – who Oct 1, 2025 · The recycled-content steelmaker receives loans from the Canadian and Ontario governments to help weather tariff-related hurdles. SooToday has spoken with the presidents of both unions – local 2724 and local 2251 – who Dec 1, 2025 · The following statement was released this afternoon by Sault MP Terry Sheehan in response to the news that Algoma Steel will be laying off approximately 1,000 employees: To Algoma Steel workers 4 days ago · Did you notice the power flicker this morning? At 8:25 a. The CEO of Algoma says the financing will help it “withstand this unprecedented U. The trade war just kicked the plan into warp speed — and wiped out a Dec 1, 2025 · Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U. 14) with our cokemaking 4 days ago · The Rockford Department of Public Safety says multiple departments assisted in extinguishing an Algoma Township house fire. The local university ranked 20th out of 20 primarily undergraduate institutions in the Dec 5, 2025 · Algoma Steel’s mass layoffs show the province has “written off” Sault Ste. One person was hospitalized, and three more were treated on the scene. U. to ensure a brighter future for 1,000 Dec 3, 2025 · Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in Dec 4, 2025 · Just over two months after it was announced Algoma Steel would receive $500 million in government loan guarantees, the steel producer said it was issuing 1,000 layoff notices to workers at its Oct 2, 2025 · Monday was a good-news kind of day at Algoma Steel. As SooToday reported last night, Garcia Dec 4, 2025 · To be clear, Algoma Steel started prepping for a wave of layoffs long before Donald Trump unleashed his punishing tariffs. 1 day ago · The sun set Saturday on almost 125 years of making steel in Sault Ste. — The Kent County Sheriff's Office says a 5-year-old child was hit and killed by a truck Sunday morning in Algoma Township. "On December 11, 2024, The Ministry of Labour, Immigration, Training and Skills Development Find the latest Algoma Steel Group Inc. President Donald Trump's tariff policies. On Wednesday, Sault College hosted a session to help those workers understand their options, whether it be Algoma Steel has officially shut down its cokemaking assets, intending to produce only electric arc furnace (EAF) steel in the future, reported SooToday. Algoma said it’s paid $64. "Completing this Oct 8, 2025 · Algoma Public Health is encouraging all residents to protect themselves and their loved ones this fall by getting vaccinated against flu, COVID-19 and Respiratory Syncytial Virus. Aug 26, 2025 · Every Saturday morning from June through October, locals gather near Roberta Bondar Pavilion for a taste of freshness – and community – at the historic Algoma Farmers’ Market Dec 4, 2025 · Despite what Pierre Poilievre said earlier this week, Algoma Steel CEO Michael Garcia did not blame the industrial carbon tax for the mass layoffs announced Monday. Marie–Algoma candidate Hugh Stevenson joined Thursday’s tour, Poilievre built him up as the next local MP while taking a dig at the incumbent Terry Sheehan. Marie. Jul 13, 2025 · A new chapter in Canadian steelmaking begins in Sault Ste. market to Canadian steel, undermining Algoma’s cross-border business model and requiring the company to focus on products with reliable domestic demand. ” "As part of the closure of its blast furnace and coke making operations, Algoma has made the difficult decision to issue approximately 1,000 layoff notices today, effective in 16 weeks on March 23, 2026,” she said. 4 days ago · A thousand Algoma Steel employees are set to be laid off in just more than two months. Mike Da Prat, president of United Steelworkers Local 2251 Dec 2, 2025 · The Federation of Northern Ontario Municipalities and the Northwestern Ontario Municipal Association are voicing concerns following the announcement of 1,000 layoffs by Algoma Steel Oct 2, 2025 · A news release issued by Algoma on Monday was less rosy on those points. Sep 27, 2024 · Algoma Steel Group Inc. May 16, 2024 · Three charges laid by Ministry of Labour allege Algoma Steel failed to protect the health and safety of the 21-year-old GFL employee who was killed at the plant last year Oct 27, 2025 · Algoma University is breaking new ground with the approval of its Master of Psychotherapy, a graduate-level initiative designed to address critical mental health needs across northern Ontario Jan 12, 2026 · At Algoma University, your goals aren't just supported - they're understood. Great Lakes and Seaway Shipping Feb 9, 2024 · Algoma Steel Group advises SooToday that five of its employees were treated at Sault Area Hospital following a frightening explosion Wednesday night at #7 blast furnace. The CEO of the Sault Ste. 1 day ago · Attention Town Residents: Based on new information received today from OCWA, Algoma Public Health is issuing a boil water advisory for the Town of Thessalon. Dec 3, 2025 · Premier Doug Ford said he knew layoffs were coming at Algoma Steel ahead of Monday’s announcement. 32%, which has investors questioning if this is right time to buy. Marie, said Ontario NDP Leader Marit Stiles. Marie this March, Algoma Steel worker Mayurkumar Lad says his permanent residency application with the Ontario Immigrant Nominee Program Jan 9, 2026 · Algoma Steel Group Inc. 1, 2026. "The shutdown of our primary operations commenced today (Jan. is poised to benefit from improving market fundamentals in the steel business, says Michael Garcia, chief executive officer of the Sault steelmaker. “It's devastating Jan 8, 2026 · The Algoma Fire Department, who received assistance from Southern Door, Kewaunee, Luxemburg, and Casco Fire Departments remained at the active fire scene for over four hours. SooToday offers fast, reliable news updates, local sports, obituaries, and events delivered right to your device. Marie, Ont. Industry Minister Mélanie Joly said she received two commitments from Algoma Steel Oct 16, 2025 · Former Sault Ste. EBITDA stands for earnings before interest Dec 1, 2025 · Algoma Steel says it has issued 1,000 layoff notices to workers at its plant in Sault Ste. Jan 7, 2026 · Algoma Steel is fighting for a break on its property taxes, pursuing an assessment appeal that could cost city coffers millions of dollars in lost revenue. Jan 27, 2024 · The new year in downtown Brampton was marked by a series of student protests at the city’s satellite campus of Algoma University. 4 days ago · Canadian steel producer Algoma Steel has announced that it has begun the permanent shutdown of its coke-making operations, marking a decisive step in Jan 12, 2026 · ASTL releases Q4 2025 guidance, forecasting 375k-380k tons shipped and negative EBITDA as tariffs and blast furnace wind-down weigh results. Jan 12, 2026 · In response to the recent layoffs announced at Algoma Steel, Sault College is extending support to affected workers through a series of January information sessions focused on retraining 4 days ago · Welcome back to "Today in the Soo," a podcast that brings you up to speed on all the local news you need to know.

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