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Home Steel News Algoma Steel starts layoffs due to US tariffs
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Algoma Steel starts layoffs due to US tariffs

7 Mar 2025 14:41 reported by Joy Liu

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Algoma Steel, an integrated steel producer based in Canada, has started some layoffs to lower costs and cope with the uncertainties brought about by US’ 25% steel tariffs.

The United Steelworkers (USW) Local 2724’s president said that approximately 20 employees were laid off, effective last Friday. Moreover, due to the current uncertain market, more layoffs might be seen in the future. The president said he is now waiting to see what steps governments at all levels will take to mitigate the impact of the tariffs.

Algoma Steel, founded in 1901, is one of the leading manufacturers of hot-rolled and cold-rolled steel sheet and plate products in North America.

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