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Algoma Steel signs MoU with Hanwha to supply steel for Canadian defense vehicles · Endata

◂ Announcements

Jun 4, 2026CONTRACTCanada

Algoma Steel signs MoU with Hanwha to supply steel for Canadian defense vehicles

South Korean defense firm Hanwha signed a memorandum with Algoma Steel and the Automotive Parts Manufacturers' Association to supply Canadian steel for armored land vehicles to be built in Canada, contingent on Hanwha winning a submarine contract.

Status

Announced

Productsmilitary-grade steel for armored land vehicles

CompaniesHanwha customer Algoma Steel Inc. supplier Automotive Parts Manufacturers' Association partner

Sectors#Steel and Metal Products

“The arrangement expands on a partnership Hanwha struck in April with the APMA, a prospective joint venture to build military land vehicles.”steelorbis.com

1 source
steelorbis.comAlgoma Steel lands military grade steel supply deal with Hanwha for Canadian defense vehiclesBerk ArslanJun 4, 2026

Summarized from public sources; check the original articles before acting on it.

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