Post by
valuguy on Jun 23, 2020 3:21pm
While 2nd quarter earnings will be brutal,the light....
at the end of the tunnel is the US threatening to impose tariffs on Canadian aluminum.That means that they are thinking of imposing tariffs on Canadian steel as the US election campaign is warming up.Canada would then respond tit for tat and thats great news for Stelco as it would grow their business significantly.
Comment by
valuguy on Jun 23, 2020 3:25pm
That would explain the stock being up 5% today.
Comment by
valuguy on Aug 06, 2020 11:04pm
Earnings next week will be brutal but Canada tonight slapped tariffs on US goods in retaliation for the 10% aluminum tariff.Trump will probably slap a tariff on steel next,hence the rally in price of stlc shares.
Comment by
valuguy on Aug 12, 2020 10:10pm
Shut down their blast furnace on July 17th for 75 days.They said they would do this in the 2nd qarter.So,this quarter will be brutal.