Algoma Steel to build $275M beam mill in Sault Ste. Marie

As part of the deal with Hanwha Ocean, Algoma Steel will build a new beam mill in Sault Ste. Marie, Ontario, for $275 million.

“It includes $275 million for a new Sault beam mill and product purchase pledges.”ctvnews.ca

• 1 source
• ctvnews.caAlgoma Steel signs $345M deal tied to Korean firm winning Canada submarine contract – CTVNewsJan 27, 2026

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