Algoma Steel Applauds Return to Fair and Just Steel Trade Position

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Algoma Steel
Algoma Steel in Sault Ste. Marie

SAULT STE. MARIE, ON – Algoma Steel Inc. congratulates the Government of Canada on the
complete lift of steel tariffs imposed under Section 232 as announced today. This returns Canada and the US to a fair and just steel trade position within a fully integrated North American market.

Algoma Steel CEO Mike McQuade commented on today’s announcement, “Today’s
announcement provides our customers with the confidence that Algoma Steel remains their
partner in steel. I extend our sincere thanks to the current government, who under the leadership of Prime Minister Trudeau and Minister Freeland have recognized the critical role of the steel industry in Canada.”

Algoma Steel will remain an active participant in the Trade Remedy Consultation process as we work alongside our Canadian steel industry partners to prevent dumped and subsidized steel and transshipments from disrupting Canadian and US markets.

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