Algoma Steel looks to break the tariff ice through Canadian shipbuilding and defence orders

News Snapshot:

Sault Ste. Marie steelmaker hot on the trail to find new domestic customers, elbow out American producers When 50 to 60 per cent of your production heads to the U.S., Algoma Steel CEO Michael Garcia could, understandably, be downcast about the near and long-term prospects of the Sault Ste. Marie plate and sheet operation. Instead Garcia sees opportunity to broaden Algoma’s footprint in the Canadian market by chasing down and securing new customers while displacing some American steel producers during a volatile tariff war with the U.S. In a March 13 webcall with analysts to present Algoma’s quarterly and year-end...