It keeps getting better Q3 average price is about $1850 usd or $2312 cdn. Everyone says prices will drop but they keep going up.
For q3 : With steady volumes of 680 produces a revenue of $1572. Cost is $688nt times 680 volume gives you cost $467. Q3 ebitda is $1105 which is really good.
Q4 is averaging $1700 usd or $2125 cdn.
full year ebitda target is $600 first six months + $1105 for q3 and let's say + $1000 for q4 for total of $2705 for 2021. Divided by 89 million shares gives you ebitda of $30 a share well above the q1 target they stated in q1 of $2000. 35 percent above target.
don't see an update to outlook in Q2 report. Looks like an embarrassment of riches with such a rich steel price that doesn't seem to want to correct.
This continues to be a buy at ridiculous low price of $42 trading a little over 1 times ebitda.
Stelco has the lowest cost base and is heavily levered yo steel price.
even the 2022 prices are high