South Korean sub maker Hanwha signs agreement with Algoma Steel
South Korean submarine maker Hanwha Oceans says it has signed a series of partnership agreements with Canadian companies, including Sault Ste. Marie's tariff-battered Algoma Steel. Hanwha says it signed a memorandum of understanding with Algoma that pledges $275 million in financial support to stand up a new structural steel beam mill in Canada. The pact also declares Hanwha's intention to...