Algoma Steel

Algoma Steel will receive $228.8 million from the federal and Ontario governments to retrain workers affected by trade disruptions and tariffs. The funding follows the company’s announcement of 1,000 layoffs in March 2026 as it transitions to electric arc furnaces. Through the Canada-Ontario Workforce Tariff Response and Skills Advance Ontario programs, up to 27,000 workers across key sectors—steel, softwood lumber, and automotive manufacturing—will receive skills training and support to stay competitive, while employers can retain experienced staff during economic uncertainty. The initiative aims to help workers adapt, succeed, and sustain affected communities.