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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

Post by fishcarrieron Aug 17, 2021 10:45am
103 Views
Post# 33716611

Reflections

ReflectionsSeems to me share prices are falling as we are in a low trading zone in the dog days of August. On TMX I haven't seen the 11.4 M shares come off the books yet. It just seems as though the world doesn't react much to the 13% reduction in shares. It ought to raise share price a lot, if not the full 13%. I did notice some changes in outlooks. Thompson-Reuters now suggests q4 earnings will be the same as q3. That doesn't jive with steel futures, although steel prices have risen - again. Tip ranks now has lo, med. and hi outlooks for share price as follows" 50, 54.30 and 59. Refinitiv has 42, 58.20 and 65. GLTA
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