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Algoma Steel Inc.
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Algoma Steel Inc.

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https://www.algoma.com/
Last activity: 03.06.2026
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Algoma Steel Inc. is a fully integrated steel producer based in Sault Ste. Marie, Ontario. We’re a founding industry and the largest employer in the community. We’re proud of our legacy: producing top quality products for generations.

Our legacy is due to the quality of our people. Reliable people who take pride in our community and our personal approach. We’ll meet you face-to-face. We’ll talk to you on the phone. We’ll be there when you need us. Most importantly, we’re responsive. We know every client is different. We’ll work with you to make sure it’s done right.

We’re proud of what we’ve accomplished. We’re excited for what the future holds. We’re investing in our people and processes to build on our proven reputation for quality, innovation and creative solutions. We’re committed to continuing our rich steelmaking tradition.

Algoma Steel Inc. manufactures and sells hot and cold rolled steel products, including sheet and plate with a production capacity of four million tons. We produce some of the cleanest, most consistent light gauge steel in North America.

Our Direct Strip Production Complex is the newest facility of its kind on the continent. It transforms liquid steel to a finished coil in minutes. Our highly versatile plate and strip complex produces a full range of as-rolled and heat-treated plate and some of the widest coils available.

Algoma Steel Inc’s quality products meet international performance standards for manufacturing, automotive, construction, mining, energy, ship, rail and military applications.
Followers
1.55K
Followers
13.24K
Website visits
21.2K /mo.
Mentions
10

Overview

Location
Canada, Ontario, Sault Ste. Marie
Employees
1001-5000
Total raised
$100K
Founded date
1901

Funding Rounds 1

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Mentions in press and media 10

DateTitleDescription
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Dec 2, 2025Layoffs sparked by Trump tariffs—Canadian steel maker Algoma to slash 1,000 jobs, roughly 40% of its staff
Sep 27, 2022Algoma Steel Provides Fiscal Second Quarter 2023 GuidanceSAULT STE. MARIE, Ontario, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. ASTLASTL ("Algoma" or "the Company"), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provide...
Aug 23, 2022Algoma Steel and USW L2251 Reach Tentative AgreementSAULT STE. MARIE, Ontario, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) and United Steelworkers Local Union 2251 (“2251”), the union representing Algoma’s hourly employees, ...
Jul 19, 2022Algoma Steel Donates $1 Million toward Sault Area Hospital Residential Withdrawal Management FacilitySAULT STE. MARIE, Ontario, July 19, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced i...
Jun 21, 2022Algoma Steel Announces Commencement of US$400 Million Substantial Issuer BidSAULT STE. MARIE, Ontario, June 21, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Corporation”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announc...
Aug 20, 2021Algoma Steel Inc. : Announces Strong First Quarter Results; Parent Company Expected to Become Public in 2021SAULT STE. MARIE, ON, Aug. 19, 2021 /PRNewswire/ - Today Algoma Steel Inc. (the "Company") reported strong first quarter results for the fiscal quarter ended June 30, 2021, setting the stage for its parent company, Algoma Steel Gr...
Aug 19, 2021Algoma Steel Inc. Announces Strong First Quarter Results; Parent Company Expected to Become Public in 2021
Jul 5, 2021New investment in Canada's steel industry to create jobs and build a cleaner futureAs we work to finish the fight against COVID-19, the Government of Canada is taking action to ensure that Canadian companies have the tools and resources they need to build strong communities and a cleaner future for Canadians. By investing...
Nov 18, 2014Essar Steel Algoma raises $1.2 b to refinance debtEssar Steel Algoma Inc, part of Essar Group, has raised $1.2 billion about (₹7,200 crore) to recapitalise and refinance old debts. The company has also issued notice to redeem its outstanding 9.375 per cent senior secured notes due on Decem...

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FAQ about Algoma Steel Inc.

When was Algoma Steel Inc. founded?

Algoma Steel Inc. was founded in 1901.

How much funding has Algoma Steel Inc. raised?

Algoma Steel Inc. has raised $100K in total across 1 funding round.

What has the press written about Algoma Steel Inc.?

Parsers VC has collected 10 articles mentioning Algoma Steel Inc., among them “Layoffs sparked by Trump tariffs—Canadian steel maker Algoma to slash 1,000 jobs, roughly 40% of its staff” (Dec 2, 2025) and “Algoma Steel Provides Fiscal Second Quarter 2023 Guidance” (Sep 27, 2022).

Is Algoma Steel Inc. still active?

Yes, Algoma Steel Inc. is active; its latest activity on Parsers VC dates from Jun 3, 2026.