The Globe and Mail reports in its Friday edition that Algoma Steel's new chief executive officer, Rajat Marwah, is confident the company can successfully pivot its business by becoming a leaner steelmaker during a relentless trade war that shows few signs of letting up. The Globe's Niall McGee writes that Algoma, based in Sault Ste. Marie, Ont., reported on Wednesday a net loss of $364.7-million for the quarter ending Dec. 31, bringing its full-year loss to almost $1-billion. A year ago, U.S. President Donald Trump levelled 25-per-cent tariffs on steel imports into the U.S. In June, he jacked that up to 50 per cent. Before the trade war began, the U.S. used to account for about 60 per cent of Algoma's revenue. As the importer of record in the U.S., Algoma pays the tariff on any steel it sells into the country. Algoma last year incurred $225-million in tariff costs, representing a direct hit to its bottom line. Over the past nine months, the company has been winding down its business in the U.S. and selling more steel in Canada. There are signs that the company is making some progress, although the path has not been linear. The company is pivoting its focus from coil steel to plate since coil has become oversupplied.