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Stelco Holdings Inc STZHF


Primary Symbol: T.STLC

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.


TSX:STLC - Post by User

Comment by Blueswinon Jul 06, 2021 2:46pm
121 Views
Post# 33499919

RE:RE:Where is the Q2 update! They should have something ready to

RE:RE:Where is the Q2 update! They should have something ready to Great points about the upcoming quarters. They sell about 3 months out so today they are probably taking orders for Sept/Oct.which is all higher than $1750 US. Also the CEO thinks the stock price should be double where it is today & they spoke in great detail after the last quarter in doing big things like buy back a large amount of shares maybe up to 50% in the coming quarters to help the stock price as opposed to buying back up to 10% through the year whenever the stock dips in price.. Stelco is not the only Steel company down today US Steel is down 6% today. It appears the quarterly announcements about the cash they are making is what is going to move the stock higher & so we wait for Aug. announcement.. 
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