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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 marsman1on Sep 18, 2021 11:39am
180 Views
Post# 33883126

RE:US steel news

RE:US steel newsI really have to question the the capacity issues and the general sanity of the CEO's of all of these steel companies. First U.S. Steel's planned new steel production is not going to have any affect on supply for , I think , two years untill it is commishioned. You can't just flip a switch and produce a new plant ! But was that mentioned by the steel analyst? Secondlly , if U.S. steel or any other company wants to increase their capacity , just buy STELCO.! I have never met or talked to Alan , but he is involved with many companies. My guess is that if a propper bid came , say $70 , he would have to disclose this to the shareholders. As I have said before , what does Alan want to do. If he wants to stay in the steel business for many years , then I think we can expect a very large Special Div. , if he wants to cash out a huge win , then put the company "in play" .
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