rental man
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WATCH: Trump to announce so-called 'Liberation Day' tariffs
25He is a great leader who is doing what he was elected for and is fighting for American jobs. His tariffs will generate trilions of dollars for the US economy. Wish he was the leader of this country. This country need a Trump card.
98- rental man
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Algoma Steel issues historic statement on blast furnace, cokemaking
SooToday 31Those are quite impressive medical stats however they are not substantiated and have very little or nothing to do with past steel production. The great Algoma steel is no longer great. They will nothing more than a mini mill with maybe eight hundred employees. The quality of the steel from EAF is no where near traditional methods. Quit the snow job.
45- rental man
Mood at Algoma Steel is 'terrible' one day before Trump could increase tariffs to 50%
SooToday 43Typical Algoma. Run to the government for a bailout when they can,t pay their bills. Don,t worry, they are well versed in the bankruptcy protection route from previous episodes. Maybe they should have put some money aside in better times when they handed out huge bonuses and profit sharing cheques.
28- rental man
Canada to impose 25% tariffs on $29.8B in U.S. goods Thursday
28when you poke the bear.be ready for the reprecussions
8- rental man
Algoma Steel supervisors hit with temporary layoffs
SooToday 20Get rid of the head of purchasing first. Doesn,t have a clue what is going on in Algoma and by the way still working from home in Toronto.
5- rental man
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Algoma Steel could receive help from new financing program
SooToday 13Let us not forget that about eight years ago Algoma went into bankruptcy protection and all local contractors were stiffed for hundreds of thousands of dollars for outstanding work and labor costs owed to them. No government funding program was ever developed to compensate them for their losses. They were basically told that there would be no repayment from Algoma for their losses. Now they run to daddy for more money to keep them afloat after poor executive management decisions and expenditures and no diversification in the steel market. They get rewarded with a billion dollars. Typical. Give them some time and they will burn that money up too and maybe even give themselves a salary raise along the way.
7- rental man
Algoma Steel shuts down blast furnace for repairs
SooToday 1All nice to know but where are you going to sell your steel once March/14 arrives. Time to start trimming the fat and prepare for the storm.
18- rental man
Snow-removal customer feels like he got 'scammed'
SooToday 12Northern Snow is owned by Nicholas Chiarot and Stefano Narducci. Both owners have decided to immediately refund any surcharge they have added due to excessive snow fall that has occurred this winter. Customer satisfaction is their main priority and they acknowledge the importance of that in this community. Thankyou for your patience and cooperation. Bruno Chiarot
5- rental man
VIDEO: Bayview residents react to Algoma shutting down the blast furnace
SooToday 8What next chapter?
8- rental man
Big losses continue at Algoma Steel
SooToday 9More tax payers money gone to waste. If there is continual substantial quarterly losses, why keep a company operating. They talk about the second EAF furnace starting up shortly. With what money and with non existent steel orders this company is going nowhere but down.
7- rental man
Algoma Steel expects $100-million insurance payout for pipe collapse
SooToday 5They will need every penny of that money to keep them from entering into bankruptcy protection down the road.
10- rental man
Algoma Steel absorbs $110-million loss in second quarter
SooToday 5If there is no relief from Trump come Friday they just simply will not make it. Sad day for this city.
9- rental man
‘A deal is a deal’: U.S. company suing Algoma Steel
SooToday 10A contract is a contract. They will have to pay up for another poor management decision. Fire the head of purchasing while your at it.
4- rental man
U.S. judge sends Algoma Steel-U.S. Steel iron ore contract dispute to arbitration
SooToday 7Another blow to a company that is run on a nickel and dime budget now. But it is all good because tax payers will always bail them out.
4- rental man
Sault will seek support for Port of Algoma and more at AMO
SooToday 4Seek more government funding for Port of Algoma for a company losing huge money daily. Really.
6- rental man
Joly highlights green steel potential during Algoma Steel tour
SooToday 2Did she bring cash to bail out a company losing almost a million a day .
7- rental man
With layoffs looming, Algoma Steel wants a property tax cut
SooToday 8If Algoma gets a property tax cut then I want one too. Now they just got bailed out 500 million and now they want more. Just take the money from the 5.6 million pay out they just made to the exiting CEO and put that up against the tax bill.
- rental man
Scott reacts to launch of Algoma Steel electric arc furnace
SooToday 3Very impressive political propaganda. Jobs at Algoma are already being chopped daily to find any way to cut expenses. There is very little steel market left now due to US tariff movement. From the early 1980,s when Algoma employed just under 12,000 employees to a company that will employ no more than 1200 going forward. Time to accept realty and quit living a pipe dream.
4- rental man
Algoma Steel requesting up to $600 million from feds
SooToday 6Once again Algoma runs to the federal government for a bailout. Will the government bail out small businesses too. Not likely. This time however I think they are in real trouble. Trump will not let up. They need to idle down to about thirty per cent of operating capacity and due the same with the workforce and management. It is going to be a real humbling experience. The cockiness is now gone and replaced with panic.
1- rental man
Algoma Steel’s respected health and safety chief is no longer with the mill
SooToday 5Yes I concur. Senior management to blame.
1- rental man
