Stelco Holdings Inc T.STLC

Primary Symbol: 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. It produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke. With its gauge, crown, and shape control, as well as uniform through-coil mechanical properties, the Company’s steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centers, which are distributors of steel products. The Company operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.

OTCPK:STZHF - Post by User

Stelco Holdings Inc

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Comment by extremeriskon Sep 24, 2019 4:22pm

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Post# 30160574

RE:bond cancellation

I suspect they had deal in the works and the deal fell through. While I wish they would use that money for buyback they have signalle they want to do acquisitions. Really cheap price today so what the heck I bought near the close in my LIRA to average down on stelco. Looks to me like now trading around 37 cents on a dollar of sales once you take out the cash they have. Pretty cheap. Can go cheaper but I think close enough here if looking at a 10 year time horizon on Stelco. Steel prices at significant lows here

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