News Summary

Algoma Steel Group Inc., a Canadian producer of steel products, has entered into a joint venture with Roshel Inc., a Canadian defence manufacturer of armoured vehicles. The partnership, named Roshel Algoma Defence, aims to create a Canadian center of excellence for the production of ballistic steel. This initiative will support the production of light utility vehicles, ships, submarines, and other defence procurements. The joint venture will also contribute to other industries such as infrastructure, marine, aerospace, and security platforms. By focusing on a made-in-Canada approach, Roshel Algoma Defence seeks to enhance Canada’s defence capacity and offer Canadian-made ballistic steel solutions to allied countries.