JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Seaspan Shipyards has signed a Memorandum of Understanding (MoU) with Algoma Steel and Stigterstaal Canada to fortify Canada’s domestic steel supply chain for shipbuilding. The agreement supports the construction of Canada’s new heavy Polar Icebreaker under the National Shipbuilding Strategy (NSS).
The collaboration will explore sourcing high-grade plate and sheet steel from Algoma Steel, with Stigterstaal managing the commercial and logistical aspects. This strategic move is designed to ensure reliable, Canadian-made steel supply for Seaspan’s flagship vessel—Canada’s most powerful icebreaking ship to date.
The Polar Icebreaker, officially launched in April, is engineered to operate in harsh Arctic conditions, breaking ice up to 2.5 meters thick. It will play a vital role in environmental research, Arctic sovereignty, and maritime rescue missions.
The project is part of the broader NSS, which has already awarded over CAD 3 billion in contracts and engaged more than 800 Canadian suppliers. By localizing material sourcing, Seaspan aims to boost Canadian manufacturing, reduce foreign dependency, and support green steel initiatives.
Algoma Steel’s recent investments in modernizing its plate mill and transitioning to electric arc furnace technology align with Canada's climate goals while improving steel quality and consistency.
This partnership reinforces Canada’s commitment to self-reliance in critical infrastructure projects and strengthens its industrial capacity to meet future defense and maritime support.
Also Read : Vikram Solar bags order to supply 397.7 MWp solar modules to NTPC's Khavda project in Gujarat THDC India plans to operationalise ₹12k cr coal-based thermal power facility by September