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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 Sep 20, 2021 4:15pm
159 Views
Post# 33887730

Good news

Good newson a downer day. TipRanks raised its targets for Stelco. The lo from 51 to 55; the medium from 59.10 to 60.75; the hi from 67 to 70.  While all the steel stocks are down, it's good to remember, that while price of steel is not as high for everyone, only Stelco has the lowest cost of production. Even then, on the CRU steel sells at 1700 today, but that's still over 2100 CAN. That's considerably higher than Q2's 1292. 
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