With all the controversies amid the Trump Tariffs, I thought it might be worth a look at who owns the Steel an Aluminum Mills in Canada and their affect on Canadian workers and the economy. Here is a comprehensive list of major steel and aluminum mills in Canada, including their owners, the countries where these owners are based.
1. Algoma Steel Inc.
- Location: Sault Ste. Marie, Ontario
- Ownership: Publicly traded company
- Headquarters: Canada
- Annual Revenue (FY2024): $2.8 billion
- Net Income (FY2024): $105.2 million
- Employment: Approximately 2,800 employees
- Profit Distribution: As a publicly traded company, profits are distributed to shareholders through dividends and reinvestments.CompWorthWikipedia+5CompWorth+5CompWorth+5ir.algoma.comWikipedia
2. ArcelorMittal Dofasco
- Location: Hamilton, Ontario
- Ownership: Wholly owned by ArcelorMittal
- Parent Company Headquarters: Luxembourg
- Annual Revenue: Approximately $1.4 billion
- Employment: Approximately 4,000 employees
- Profit Distribution: Profits are consolidated into ArcelorMittal’s global earnings and distributed to shareholders accordingly.CompWorth
3. Stelco Holdings Inc.
- Locations: Hamilton and Nanticoke, Ontario
- Ownership: Wholly owned by Cleveland-Cliffs
- Parent Company Headquarters: United States
- Annual Revenue (2023): $2.92 billion
- Employment: Approximately 2,421 employees
- Profit Distribution: Profits are integrated into Cleveland-Cliffs’ financials and benefit its shareholders.StockAnalysisir.algoma.com+10StockAnalysis+10CompWorth+10
Aluminum Smelters in Canada
1. Aluminerie Alouette
- Location: Sept-Îles, Quebec
- Ownership:
- Rio Tinto Alcan (Canada): 40%
- AMAG Austria Metall AG (Austria): 20%
- Hydro Aluminium (Norway): 20%
- Marubeni Metals & Minerals (Japan): 13.33%
- Investissement Québec (Canada): 6.67%
- Annual Revenue: Approximately $117.6 million
- Employment: Approximately 384 employees
- Economic Impact: Generates about $440 million annually for Quebec’s economy.
- Profit Distribution: Profits are allocated among the international consortium of owners based on their respective ownership percentages.StockAnalysis+10CompWorth+10CompWorth+10Aluminerie Alouette
2. Rio Tinto Alcan Smelters
- Locations:
- Alma, Quebec
- Arvida-AP60, Quebec
- Grande-Baie, Quebec
- Laterrière, Quebec
- Kitimat, British Columbia
- Ownership: Wholly owned by Rio Tinto Alcan
- Parent Company Headquarters: United Kingdom
- Employment: Thousands of employees across all facilities
- Profit Distribution: Profits are consolidated into Rio Tinto’s global earnings and distributed to shareholders accordingly.Wikipedia+5ir.algoma.com+5Investopedia+5Wikipedia+2CompWorth+2CompWorth+2
3. Alcoa Smelters
- Locations:
- Baie-Comeau, Quebec
- Deschambault, Quebec
- Bécancour, Quebec
- Ownership: Wholly owned by Alcoa Corporation
- Parent Company Headquarters: United States
- Employment: Significant workforce across all facilities
- Profit Distribution: Profits are integrated into Alcoa’s global earnings and benefit its shareholders.
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