Bullboard - Stock Discussion Forum 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... see more

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TSX:STLC - Post Discussion

Stelco Holdings Inc > Q1 average is 1300usd

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Post by extremerisk on Sep 25, 2021 5:49pm

Q1 average is 1300usd

Q1 prices much higher than May June 2021. My futures show average of $1300usd or $1600 cdn.

last May June 2021 price was $1000 usd or $1300 cdn

1600 cdn is great price when your cost is $680. That's $900 a ton profit.

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Comment by Jasonuw on Sep 25, 2021 5:54pm

You are comparing the price realized to in May and June to the futures price in Q1. Look at what the futures price was back in May/June for Q1. We were in Contango. Now we in backwardation. Sentiment has changed completely.

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Comment by Jasonuw on Sep 25, 2021 5:55pm

Apologies for all the typos. Posting from my phone.

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Comment by extremerisk on Sep 26, 2021 3:10pm

Ok I see what you are saying now however you are assuming HRc continues to trend down towards their cost to produce. I believe that is unlikely given the view from fed and the entire world desire to ramp up business after long pandemic. Who is going to pay these bills. I think we do get inflation as rates stay lower for longer. This will spur all commodities include steel ...more

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Stelco Holdings Inc