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Algoma Today
By the People, for the People
Algoma Steel Applauds Canada's New Defence Industry Strategy
The steel company praises the government's plan to strengthen domestic military capabilities and boost exports.
Apr. 10, 2026 at 12:12pm
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Algoma Steel's premium steel products and precision manufacturing capabilities have been integral to Canada's defence industry for over a century.Algoma TodayAlgoma Steel, a Canadian steel producer with a long history in the defence industry, has expressed enthusiastic support for the federal government's new defence industry strategy unveiled by Prime Minister Mark Carney. The strategy aims to prioritize Canadian suppliers, invest in domestic innovation, and streamline procurement to increase the share of defence acquisitions awarded to Canadian firms to 70% and boost industry revenues by 240% by 2035.
Why it matters
Algoma Steel's backing of the new defence strategy highlights the company's commitment to Canada's military capabilities and its belief in the potential for growth and collaboration within the domestic defence industry. As a key player with extensive experience supplying steel for various military applications, Algoma is poised to benefit from and contribute to the government's efforts to strengthen Canada's position in the global defence market.
The details
Algoma Steel's involvement in the defence sector dates back to the First World War, when its steel was used to produce shells. Today, the company's steel has been utilized in the production of armored vehicles, tanks, personnel carriers, and joint support ships. With the introduction of electric arc furnace steelmaking and modernized plate capabilities, Algoma is well-positioned to continue its collaboration with the government and industry partners.
- Algoma Steel's history in the defence industry dates back to the First World War.
- The new Canadian defence industry strategy was unveiled by Prime Minister Mark Carney on April 10, 2026.
The players
Algoma Steel
A Canadian steel producer with a long history of supplying steel for various military applications, including the production of shells during the First World War, steel plates for armored vehicles, tanks, and personnel carriers, and most recently, the joint support ships as part of the national shipbuilding strategy.
Prime Minister Mark Carney
The Canadian Prime Minister who unveiled the new federal defence industry strategy, which aims to prioritize Canadian suppliers, invest in domestic innovation, and streamline procurement to increase the share of defence acquisitions awarded to Canadian firms and boost industry revenues.
Laura Devoni
The Vice-President of Human Resources and Corporate Affairs at Algoma Steel, who expressed the company's enthusiasm for the new defence industry strategy.
What they’re saying
“Algoma Steel welcomes the Canadian defence industrial strategy announced by the Prime Minister today. This plan aligns Canada's military needs with a domestic industrial policy, emphasizing the importance of buying Canadian products and creating opportunities for companies like ours.”
— Laura Devoni, Vice-President of Human Resources and Corporate Affairs, Algoma Steel
What’s next
The government's new defence industry strategy aims to increase defence exports by 50% and create 125,000 new Canadian jobs by 2035, with a goal of awarding 70% of defence acquisitions to Canadian firms and boosting industry revenues by 240%.
The takeaway
Algoma Steel's support for the new Canadian defence industry strategy highlights the company's commitment to strengthening the country's military capabilities and its belief in the potential for growth and collaboration within the domestic defence sector. As a key player with extensive experience in the industry, Algoma is poised to benefit from and contribute to the government's efforts to elevate Canada's position in the global defence market.
