Stelco Holdings Inc STZHF

Primary Symbol: T.STLC

Steel Steel

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.

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Post by retiredcfon Jun 11, 2021 9:18am

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Post# 33371185

TD Notes

By increasing Major Drilling to 4.0%, it becomes our second highest weighted position in the materials sector in our small-cap model portfolio after Stelco Holdings Inc. (STLC-T, portfolio weight 6.0%). We continue to hold Stelco at a high weight, given the strength in hot rolled steel prices (+9.0% over the past four weeks). At the same time, copper prices have declined 4.6% over the past four weeks, which has led the steel/copper ratio to multiyear highs (Exhibit 4). As detailed in our report earlier this week (LINK), we are less optimistic on copper. We favour Stelco over copper producers.