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Algoma Steel CEO sees ‘tremendous opportunity’ in steel plate amid trade war
The top executive of Algoma Steel says his company stands to benefit form increased pricing amid a trade war with the U.S., highlighting opportunities within the steel plate segment. Ottawa moved Wednesday on reciprocal dollar-for-dollar tariffs on U.S. steel and aluminum imports, responding to U.S. President Trump’s 25 per cent tariffs on steel and aluminum. The countermeasures came into effect shortly after midnight Thursday. In an interview with BNN Bloomberg Thursday, Algoma Steel CEO Michael Garcia said the company may benefit from increasing pricing amid the trade war. However, he said he wishes the gains ... (full story)
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- Posted: Mar 13, 2025 10:34pm
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