The head of Algoma Steel says that even if Canada reaches a deal with the United States on steel, there’s no going back to the way things were.
Chief executive Michael Garcia, who is set to retire at year-end, says a resolution would help margins but that the company would have to be cautious.
“It wouldn’t mean a return to business as usual,” said Garcia on a conference call Thursday.
“We would be mindful of the strategic risk of just going back to the old business model.”
The federal government had suggested talks with the U.S. were close on trade deals for sectors like steel and aluminum, before U.S. President Donald Trump announced an abrupt halt to negotiations last week….