Stelco Holdings Inc T.STLC

Alternate Symbol(s): STZHF

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, 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.

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Post by fishcarrieron Nov 03, 2021 5:31pm

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Post# 34084232

Problem

There's something I find rather disturbing. I just checked over Cleveland Cliff's earnings report. They ship about 63% hot rolled and coated. Their average price in H1 was 1016. In Q 3 30% higher at 1324.

Stelco ships 91% hot rolled and coated averaging 1126 for H1, 2021. If their price for Q. 3 would also increase by 30%, that would be below 1500.

But the Canadian dollar is/was about 24% higher.

Is Stelco reporting sales in US dollars? Or do we get that much less? Either way, if our increase only goes to 1500 max, my earnings estimate goes way out the window. Anyone?

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