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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 > Steel price and demand outlook still strong
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Post by lifeisgood1010 on May 09, 2023 7:57am

Steel price and demand outlook still strong

Russell reported their earnings last night.

We all know that Russell is not a producer so can not be compared to Stelco.

Still, steel service centers like Russell can give us a int for the steel demand strenght and weakness


Here is what was written in their outlook segment last night.

Outlook
The favourable demand trends and steel price increases that were experienced late in the 2023 first quarter are being maintained into the 2023 second quarter. These dynamics are expected to benefit our metals service centers and steel distributor segments over the near term. For energy field stores, the second quarter is traditionally slower due to spring breakup in Canada, but we expect a continuation of improving demand trends on a seasonally adjusted basis.
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Stelco Holdings Inc