Algoma Steel Group Inc., a prominent Canadian manufacturer of steel products, recently disclosed a modification to its Amended and Restated Credit Agreement. The company has decided to boost the total commitments within its asset-based revolving credit facility, known as the ABL Facility, from US$300 million to US$375 million. This alteration indicates an increase of US$75 million in the available funds for Algoma Steel Group Inc. The announcement was made on September 18, 2025, at the company's headquarters located in Sault Ste. Marie, Ontario.