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Stelco Holdings Inc T.STLC

Alternate Symbol(s):  STZHF

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, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


TSX:STLC - Post by User

Comment by Blueswinon Jul 25, 2021 8:54pm
79 Views
Post# 33602603

RE:You have to wonder

RE:You have to wonderIt does seem crazy that with all the upgrades on Stelco it doesn't seem to move the share price. Last week Nucor & Cleavland Cliffs reported best Q ever & it didn't really move their stock prices. Nucor is buying back shares & paying a div. Although I think most USA Steel companies carry a fair amount of debt unlike Stelco. It seems like the Steel prices are holding up but they can be much lower & still be very profitable. Everyone is concerned that it will sink like lumber. I guess they might have to buy up 30-50% of the shares to help move the share price. Q2 can't get here fast enough. If steel prices hold like this to the end of the year it would be amazing for all who hold Stelco! 
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