SAULT STE. MARIE – The head of Algoma Steel says that even if Canada reaches a deal with the United States on steel, there’s no going back to the way things were.

Chief executive Michael Garcia, who is set to retire at year-end, says a resolution would help margins but that the company would have to be mindful of strategic risk in supplying the U.S. market.

The federal government had suggested talks with the U.S. were close on trade deals for sectors like steel and aluminum, before U.S. President Donald Trump announced an abrupt halt to negotiations last week.

Garcia said on a conference call Thursday that the company is focused on being a strategic partner of Canada’s nation-building agenda, reorienting production to focus on domestic demand in areas like defence, infrastructure, energ

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