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Bullboard - Stock Discussion Forum 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... see more

TSX:STLC - Post Discussion

Stelco Holdings Inc > HRC: Prices rise on higher mill offer
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Post by Blueswin on Aug 03, 2021 9:04pm

HRC: Prices rise on higher mill offer

Steel prices have dropped a fair amount in the last couple of days. This article seems to indicate the demand is still outstrpping the supply.

US HRC: Prices rise on higher mill offer (argusmedia.com)
Comment by marsman1 on Aug 04, 2021 9:18am
Steel prices up nicely today. I wonder if the lower prices the past few days has anything to do with month end . I don't have info on what drives steel prices , but nice to see them recover today. In any case , always keep in mind that there cost per ton is $600 so $1700 0r $1800 U.S. is still HUGE profits!
Comment by fishcarrier on Aug 04, 2021 3:27pm
Yes, prices rose, then fell again. Steel prices are a bit up and down. But I suspect that last week STLC share prices rose quite a bit, and now it's falling back some. At least the stock is/was low enough to buy more shares. I don't quite understand why people/institutions would be selling now at just $40 when they are about to release earnings.  Prices on the New York CME are ...more  
Stelco Holdings Inc
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