Nucor call 2pm Main take always from call
demand very strong
all steel markets strong
pandemic backlog but also growth
prices rising
backlogged Into 2022
facilities at 90percent utilization. Not seen for last decade
$8 a share ebitda for quarter $32 annualized.
second half of year this will accelerate due to higher volumes and prices
continue to buy back stock when opportunistic
currently trading at 4 times ebitda with all this positive news
for Stelco at $22 a share ebitda stock should be trading at $88 today not one year from now which is 4 times ebitda