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Bullboard - Stock Discussion Forum 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... see more

TSX:STLC - Post Discussion

Stelco Holdings Inc > Market decline too rapid to jump in here
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Post by extremerisk on Jan 21, 2022 5:09pm

Market decline too rapid to jump in here

Was ready to buy today but overall market decline too rapid so macro not looking too good at the moment.  Steel prices did another big tumble.  I think buyback now will get done given the macro environment however if a recession may happen than steels will head down.  Always tough to predict recessions but I guess we are due for one.  It's been awhile.
Comment by NUMBERSGAME6 on Jan 22, 2022 11:06am
Guys thanks for all the great posts I'm just catching up on this stock. Do I have this correct?   Market cap 2.5 billion.   Land and cash worth 1 billion.  (I'll look up what their other assets are worth Or if you have it post it)   Break even at approx$ 700/nt  (this seems hi I'll recheck cad vs usd)   Current price around$ 1400/nt  and dropping ...more  
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