Algoma Steel has announced plans to lay off around 1,000 workers at its Sault Ste. Marie plant, effective March 23, 2026, as it shuts its blast furnace and coke-making operations. The layoffs account for roughly one-third of the company’s workforce.
The company cited “extraordinary market forces” and steep U.S. tariffs on steel as key factors behind the decision. Algoma is accelerating its transition to an electric arc furnace, originally scheduled for 2027, to remain competitive in a challenging global market.
Union leaders confirmed that hundreds of members received layoff notices but said the final numbers are still being verified. Programs are being explored to support displaced workers, including skills retraining and trades assistance.
While the federal and provincial governments provided $500 million in loans to help protect jobs, the layoffs highlight the pressures facing Canada’s steel industry. Local leaders warn the cuts could have a lasting impact on northern Ontario’s economy.
The move underscores the vulnerability of manufacturing jobs in Canada amid global trade tensions and changing industry technology, raising concerns about future employment opportunities in the region.
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