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Carbon tax didn't cause Algoma Steel layoffs: Garcia

Algoma Steel blames U.S. 50% tariffs for over 1,000 layoffs and accelerated shift to electric arc furnace, despite $500 million government loans supporting survival.

Summary by SooToday.com
'The carbon price is not our biggest problem right now. It adds $10 – $20 per ton of steel to our production costs,' said Algoma Steel CEO Michael Garcia

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SooToday.com broke the news in Sault Ste. Marie, Canada on Thursday, December 4, 2025.
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