Stelco Holdings Inc STZHF

Primary Symbol: T.STLC

Steel Steel

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.

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Stelco Holdings Inc > Expected earnings

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Post by fishcarrieron Sep 28, 2021 11:21am

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Post# 33930552

Expected earnings

In Q. 2 Stelco shipped 679.000 tons of steel at $1292/ton yielding $4.28/sh.

I think it is reasonable for Stelco this quarter to ship the same tonnage, this time for $700/ton more, ie $1992. The extra revenue is pure gravy.

$700 x 679000 ton = $475,300,000. Divide that by the 77,315,265 shares, and you get $6.15.

Add the $6.15 to the $4.28 of Q. 2 and you get $10.43 a share. Looks like a very good quarter.

Steel is up this morning to $17.30 US. GLTA

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