Defence expert says German submarine deal 'unfortunate' for Algoma Steel, Sault region | Page 895 | Unpublished
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Publication Date: July 6, 2026 - 12:53

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Defence expert says German submarine deal 'unfortunate' for Algoma Steel, Sault region

July 6, 2026

Federal government will announce that German shipbuilder TKMS has won the submarine bid over Hanwha Ocean, which would have provided $345M for a new steel beam mill and Algoma products in the Sault.



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The measures, threatened by U.S. President Donald Trump, would impose a 50 per cent tariff on hundreds of Canadian product categories valued at roughly $20 billion.
July 22, 2026 - 21:37 | Alessia Simona Maratta | Global News - Canada