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 > New Press Release - Stelco Holdings Inc. Announces Purchase and Cancellation of 5.1 Million Shares and Extends the Expiry Date for its Substantial Issuer Bid

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Comment by prestedon Sep 01, 2022 1:40pm

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Post# 34935951

RE:RE:New Press Release - Stelco Holdings Inc. Announces Purchase and Cancellation of 5.1 Million Shares and Extends the Expiry Date for its Substantial Issuer Bid

It puts a floor to the SP of 35 for now. One wonders whether the long term goal is to take the company private. Buy up as many shares as possible using shareholder's money and then, get in bed with Blackstone or someone like them, and buy the rest of the shareholders out.

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