Government of Canada commits up to $420M to Algoma Steel's green steel transformation

The Government of Canada has committed up to $420 million in financial support for Algoma Steel's proposed transformation to electric arc furnace steelmaking, which could reduce carbon emissions by approximately 70% and position Algoma as the greenest flat-rolled steel producer in Canada.

“Having a commitment of this magnitude from the Government of Canada shows leadership towards a net-zero, climate-resilient Canada.”newswire.ca

• 1 source
• newswire.caGovernment of Canada Endorses Algoma Steel's Transformation Plan for Green SteelAlgoma Steel Inc.Jul 5, 2021

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