MARIE — The $500 million in government loans to Algoma Steel Group Inc. has at least one analyst saying the cash could help set the company up for the longer term. RBC analyst James McGarragle says the loans, and the company's decision to speed up its transition to more efficient facilities, "positions Algoma to achieve long-term operational and financial stability." Algoma started building the electric arc furnace infrastructure in 2021, thanks in part to an earlier $420 million in government funding, and made its first steel with the new system in July. This report by The Canadian Press was first published Sept. 29, 2025. Companies in this story: (TSX:ASTL)The Canadian Press