Name: Germany wins, Sault loses in Canada's potential new submarine contract
Uploaded: 2026-07-06T21:40:31Z
Duration: 1 min 23 s
Description: Germany's TKMS wins Canadian submarine contract over South Korea's Hanwha—crushing Sault Ste. Marie's hopes for a $345 million Algoma Steel beam mill deal.

Northern Ontario Watch

Germany wins, Sault loses in Canada's potential new submarine contract

Germany's TKMS wins Canadian submarine contract over South Korea's Hanwha—crushing Sault Ste. Marie's hopes for a $345 million Algoma Steel beam mill deal tied to Hanwha. Sault Mayor Matthew Shoemaker vows to continue work on economic diversification amid setback.

July 06, 2026 at 5:01PM EDT