Post by
Duke16 on Apr 19, 2022 2:48pm
Steel Gains
In less than 3 months US Steel is up 102% and Nucor is up 84%.
Stelco with $1.5B+ cash in the bank, virtually no debt, lowest CPT in the industry and record profits is up 60% over the same time period.
Have to believe that there will be a massive gain in a few weeks when Q1 results are in and a potential announcement regarding use of their cash stockpile is made! (one-time dividend, aquisition etc.)