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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

Post by extremeriskon Mar 11, 2022 6:28am
204 Views
Post# 34505624

Q1 should be strong

Q1 should be strongLast q1 average HRC sale price was 941.  This year is substantially higher and prices continue to move up rapidly.  Stelco should be at an all time high now.  As various months futures exceed $2000 now.  Company should just complete their entire buyback as quickly as they can and I guess start another one.  Not sure what plans they have for this cash windfall.  Can also easily bump up the dividend which they didn't do at year end.  
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