Algoma Steel Layoffs 2025: 1,000 Workers Hit as U.S.–Canada Trade War and Green Steel Transition Collide
Algoma Steel has issued layoff notices to over 1,000 workers at its Sault Ste. Marie, Ontario mill, citing U.S. steel tariffs and a shift to electric arc furnace technology. The cuts, affecting both salaried and hourly staff, will roll out over several months. Algoma reported a $485.1 million net loss in Q3 2025, with $89.7 million paid in direct tariffs that quarter.
