Taxpayers Lend $500M to Struggling Algoma Steel, Get Nothing in Return

Algoma Steel (Nasdaq: ASTL) announced Monday it had secured $400 million from Ottawa and $100 million from Ontario under emergency tariff relief programs. The company calls the funds critical to maintaining operations and its 2,600-person workforce, as 50% US tariffs effectively close off its largest market. But the loan structure — which gives taxpayers no … Continue reading Taxpayers Lend $500M to Struggling Algoma Steel, Get Nothing in Return