Press Release

Algoma Returns to its Roots

A company with inseparable ties to Sault Ste. Marie and a rich, century old steelmaking tradition is returning to its roots. After a decade known as Essar Steel Algoma, the historic steel manufacturer has launched its new brand: Algoma.

2022-08-15T10:32:48-04:00May 26th, 2017|Press Release|

Essar Steel Algoma Extends Stay of Proceedings and Debtor-in-Possession Financing

Essar Steel Algoma Inc. (“Essar Steel Algoma” or the “Company”) obtained an Order on March 30, 2017 from the Ontario Superior Court of Justice (Commercial List) extending the stay of proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) to April 30, 2017. The lenders under the Company’s existing debtor-in-possession financing facility (the “DIP”) have also consented to an extension of the scheduled maturity of the DIP to April 30, 2017.

2022-08-15T10:32:48-04:00March 31st, 2017|Press Release|
Go to Top