Brief: Algoma Steel, Hanwha Ocean Ink Strategic MoU With Up To $250 Mln In Funding
26/01/2026 19:16
Jan 26 (Reuters) - Algoma Steel Group Inc ASTL.TO: ALGOMA STEEL GROUP INC - CO AND HANWHA OCEAN SIGN BINDING MOU FOR LONG-TERM STRATEGIC ARRANGEMENT SUPPORTING CANADIAN PATROL SUBMARINE PROJECT ALGOMA STEEL GROUP INC - HANWHA OCEAN TO PROVIDE ALGOMA WITH UP TO USD $250 MILLION ALGOMA STEEL GROUP: CO TO MAKE ANNUAL PAYMENTS TO HANWHA OCEAN FOR 10 YEARS AFTER COMMENCEMENT OF OPERATIONS OF BEAM FACILITY Source text: ID:nGNX3xqY Further company coverage: 042660.KS ((Reuters.Briefs@thomsonreuters.com;))
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