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Algoma Steel Shifts to Electric Furnaces Amid Tariff Crisis

10/12/2025

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Summary

Story summary

Algoma Steel will shut down its blast furnace and coke oven and shift to electric arc furnaces, in response to U.S. tariffs and low prices, with emissions potentially reduced by up to 70%.
Prime Minister Mark Carney met with President Trump to seek relief from the 50% Canadian tariff.
ArcelorMittal Dofasco and others are exploring hydrogen as a cleaner alternative.
The government backs the transition with $2 billion in loans.

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Story summary

Algoma Steel will shut down its blast furnace and coke oven and shift to electric arc furnaces, in response to U.S. tariffs and low prices, with emissions potentially reduced by up to 70%.
Prime Minister Mark Carney met with President Trump to seek relief from the 50% Canadian tariff.
ArcelorMittal Dofasco and others are exploring hydrogen as a cleaner alternative.
The government backs the transition with $2 billion in loans.