Most of the Carney government’s nation-building projects are still on the drawing boards. But one that is underway and of significance to Canada’s manufacturing prowess is the government bailout of Algoma Steel .

Algoma is Canada’s last independent steelmaker.

It has been an economic mainstay of Sault Ste. Marie (population 72,000) almost since its inception in 1901.

Algoma went into survival mode in June when U.S. President Donald Trump doubled to 50 per cent his initial tariffs on U.S. steel imports from all countries in March.

Algoma’s U.S. market, which has accounted for as much as 60 per cent of its revenues, soon evaporated, putting the jobs of Algoma’s 2,500 full-time employees at risk.

Like the auto sector, the North American steel industry is highly integrated.

The U.S

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