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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 Eastbankon Sep 01, 2022 3:10pm
101 Views
Post# 34936242

RE: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

RE: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

Don't know who controls LG BEDROCK, but at one point prior to May 2021 they reported holding 34.1 million shares or 38.5%. Two subsequent secondary bought deal financings with them as sellers were completed end of May/21 (@$33) and end of Aug/21(@ just under $35) with the current 5 million shares now tendered, their holdings will reduce to 2.6 million shares or 4.2%. 

your point is well taken PRESTED.

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