Algoma faces tough road to profitability

The federal and Ontario governments have pumped hundreds of millions of dollars of financial loans and other support into Sault Ste. Marie, Ont.-based Algoma Steel Inc., Canada’s only non-foreign-owned steel mill, and that may just be the start of things. Earlier this month, Industry Minister Mélanie Joly suggested the federal government may be willing to support Algoma if it built a structural beam plant. Similar comments have been made by Ontario Premier Doug Ford. No one knows ho