Source Feed: The Globe and Mail
Author: Kyle Duggan
Publication Date: January 26, 2026 - 16:19
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South Korean submarine maker Hanwha signs agreement with Algoma Steel
January 26, 2026
South Korean submarine maker Hanwha Ocean says it has signed a series of partnership agreements with Canadian companies, including Sault Ste. Marie’s tariff-battered Algoma Steel ASTL-T.
Hanwha says it signed a memorandum of understanding with Algoma that pledges $275-million in financial support to stand up a new structural steel beam mill in Canada.
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