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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 > Another special dividend to come?
View:
Post by trendstr on Jun 03, 2023 8:32am

Another special dividend to come?

RBC Capital Markets 2023 Canada Automotive, Industrials & Transportation Conference; 8th Of 10 Parts, Steel

11:12 AM EDT, 05/19/2023 (MT Newswires) -- RBC Capital Markets on Thursday outlined insights from companies that participated in the 2023 RBC Capital Markets Canadian Automotive, Industrials & Transportation Conference this week in Toronto.

RBC said Stelco Holdings Inc. (STLC.TO)'s second-quarter is fully booked and that recent steel price strength is expected to drive very strong results in the upcoming quarters.

As a result, RBC expects another special dividend in the near term.

Comment by sulinelanie on Jun 03, 2023 8:51am
This post has been removed in accordance with Community Policy
Comment by lifeisgood1010 on Jun 04, 2023 4:56pm
With sp comming down so much,i m surprised that they haven t bought under the current ncib. Where will they deploy some of that excess cash Allan seems very prudent.One thing for sure Stelco has a superb and strong balance sheet. At these level, i would prefer share buyback than div 
Stelco Holdings Inc