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 pastafagolion Sep 25, 2019 2:39pm

137 Views

Post# 30164024

RE:RE:Globe article

Moody rated the bonds B3 which is deep in junk category. They said risks were

company small size with one blast furance only
moving steel prcies
high debt ratio of debt/EBITA of 6.0 after issue

I only have hard copy of article from front page of ROB. Title is "Stelco shares plunge after debt offering scrapped"

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