US EditionAlgoma Steel not banking on return to U.S. market: CEO
Algoma Steel faces $89.7 million in tariff costs and secured $500 million government financing to pivot production toward Canadian defence, infrastructure, energy, and manufacturing sectors.
10 Articles
10 Articles
Algoma Steel Not Banking on Return to US Market: CEO
The head of Algoma Steel says that even if Canada reaches a deal with the United States on steel, there’s no going back to the way things were. Chief executive Michael Garcia, who is set to retire at year-end, says a resolution would help margins but that the company would have to be cautious. “It wouldn’t mean a return to business as usual,” said Garcia on a conference call Thursday. “We would be mindful of the strategic risk of just going back…
Algoma Steel not banking on return to U.S. market: CEO (Business)
The head of Algoma Steel says that even if Canada reaches a deal with the United States on steel, there's no going back to the way things were. Chief executive Michael Garcia, who is set to retire at year-end, says a resolution would help margins but that the company would have to be cautious. "...
Even if Canada and the United States reach an agreement on steel, there will be no turning back, said the CEO of the Ontario steel producer Algoma Steel.
Winnipeg Free Press
Algoma Steel not banking on return to U.S. market: CEO
Breaking News, Sports, Manitoba, Canada
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
