Defence expert says German submarine deal 'unfortunate' for Algoma Steel, Sault region | Page 907 | Unpublished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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A landmark agreement hangs in the balance between Quebec and the Innu First Nation of Pessamit that could settle a decades-long dispute over land use and deliver billions of dollars to the community while opening up new energy development in the province.
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