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Algoma Steel Inc.

Innovation, Science and Economic Development Canada — SIF Stream2- Growth — $200,000,000

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Amount

$200.0M

Province

ON

Type

Contribution

Agreement Number

033-2021-2022-Q2-816041

Purpose

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.

Algoma Steel Inc. × Innovation, Science and Economic Development Canada

5 grants totalling $320.0M

SIF Stream2- Growth

63 grants totalling $4.5B

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