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Algoma Steel signs $182 million agreement with Seaspan to supply steel for Canadian Coast Guard icebreakers.

Nov 03, 2026

Contract Type

agreement

Sault Ste. MarieManufacturingBuilding Material

Description

Algoma Steel has finalized an agreement with Seaspan Shipyards to supply structural steel for up to six Canadian Coast Guard icebreakers. The deal, valued at approximately $182 million, includes the delivery of 24,000 metric tonnes of steel.

Company Information

Company

Algoma Steel Group

Location

Sault Ste. Marie, Ontario, Canada

About

Algoma Steel Group Inc. is a fully integrated producer of hot and cold rolled steel products including sheet and plate. The company is on a transformation journey, modernizing its plate mill and adopting electric arc technology to lower carbon emissions. Algoma is a key supplier of steel products to customers in North America and uniquely produces discrete plate products in Canada. Driven by a purpose to build better lives and a greener future, Algoma delivers customer-driven product solutions to various sectors.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.