Algoma Steel Inc.: federal grants and contributions

Updated 12 October 2026 · Sault Ste. Marie, ON · grants and contributions register · Sault Ste. Marie

Algoma Steel Inc.: federal grants and contributions: 4 agreements; $294M value; 3 departments; 3 programs.

Assay record ASY-CA-0FEADBV0OB · Cite as: Assay Systems, “Algoma Steel Inc.: federal grants and contributions”, https://assay-systems.com/register/ca/grants/r/algoma-steel-inc/

$
4agreements
$294Mvalue
3departments
3programs

Largest agreements

Algoma Steel EAF Transformation$200Mvalue2021start2025end

Replacement of Algoma Steel's current blast furnace, which is near end-of-life, with an electric arc furnace (EAF). Significant GHG reductions expected as a result and the project will improve the cost structure and production flexibility of the company.

806869$60.0Mvalue2014start2021end

Optimize productivity and reliability; improve cost competitiveness and market relevance; and ensure sustainability. Create 200+ new jobs, displace imports and strengthen supply chain capability.

Adoption of New Innovative Equipment to Streamline Operations and Improve Plate Production and Enhance Grade Capability$30.0Mvalue2018start2034end

This project will modernize its plate mill to increase productivity and product capabilities through hot mill reliability improvements, an accelerated cooling project, plate finishing initiatives, plate leveller and reheat infrastructure upgrades, steelmaking vessel upgrades, a roll efficiency program, and a revitalization initiative.

Agreement$3.6Mvalue2020start–end

Challenge Funding Agreement Regarding Enhanced Tar and Light Oil Recovery System

Departments

Innovation, Science and Economic Development Canada2agreements$230Mvalue2programs
  • SIF Stream2- Growth
  • SIF - Steel and Aluminum Program

All grants from Innovation, Science and Economic Development Canada

Federal Economic Development Agency for Southern Ontario1agreements$60.0Mvalue1programs
Environment and Climate Change Canada1agreements$3.6Mvalue0programs

Years

20211agreements$200Mvalue1programs
  • SIF Stream2- Growth
20201agreements$3.6Mvalue0programs
    20181agreements$30.0Mvalue1programs
    • SIF - Steel and Aluminum Program
    20141agreements$60.0Mvalue1programs
    • CED & Diversification

    Contains information licensed under the Open Government Licence – Canada. Source: Government of Canada proactive disclosure of grants and contributions (open.canada.ca, dataset 432527ab-7aac-45b5-81d6-7597107a7013), 1,327,352 rows as published, collapsed to one agreement per agreement number (per reference number where none is given) at its latest amendment, which carries the full agreement value. Years are the agreement start year. Agreements with individuals are counted but not named.