Tax payments deferred.

• Position: Brief Article

The City of Sault Ste. Marie is deferring Algoma Steel Inc.'s second and third tax bill instalments while the debt-ridden steel producer restructures. ASI paid its interim tax bill of about $4 million, but asked the city to assist by deferring the second and third payments. The deferral gives ASI more money in its operating line of credit while...