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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 extremeriskon Dec 23, 2021 9:16am
99 Views
Post# 34257474

RE:issuer bid

RE:issuer bid

They can't sell anymore until August.  Have one year lock up from last sale in August 2021.  

I think this is just squeezing shorts.  Updated data reports 1.3 million shares short dec 15th so gone up. Don't think any shorts are in the money now so they will still be slowly covering.  Would be nice if big whale arrived to drive price up and make the shorts pay as they cover.  Modified Dutch auction goes till Jan 26 so have about a month.  

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