Post by
fishcarrier on Nov 01, 2021 12:54pm
A few thoughts
1. Any day now Stelco should be announcing when they will release Q.3 results. Sounds like sometime next week. The 10th?
2. About August 20 Alan said on BNN that price of steel that day was $1917. He didn't say whether US or CAN. I suspect the former. There should be a very high average price for their steel during Q. 3.
3. Another fact he mentioned is that 78% of steel manufactured in N. America comes from scrap - which is scarce.
4. Price of steel is hard to scan seems to me. But it does look like the prices are staying rather high, though less than in mid-August.
5. Stelco management owns 12% of the company. I think we will be rewarded, as they will. GLTA.