Algoma Steel has issued 1,000 layoff notices just two weeks after the tariff-battered company received a combined $500 million in federal and provincial government financing .

The Sault Ste. Marie-based company issued the notices Monday afternoon with the decision being blamed on its conversion to electric arc steelmaking and “unprecedented” U.S. tariffs that have “fundamentally altered the competitive landscape and sharply limited our ability to access the U.S. market.

“As a result of these pressures, Algoma has been forced to conclude its long history as an integrated steel manufacturer and close its blast furnace and coke-making operations in early 2026,” the company said in a statement , via the , adding the decision is necessary for its future survival.

“Algoma will transitio

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