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.

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Stelco Holdings Inc

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Post by retiredcfon May 05, 2021 10:27am

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Post# 33131534

Market Movers

On The Rise

Stelco Holdings Inc. soared after reporting a triple-digit improvement in adjusted EBITDA and net income in the first quarter.

The Hamilton-based company announced operating and adjusted net income of $166-million and $155-million, respectively, up 328 per cent and 243 per cent from the fourth quarter. Adjusted EBITDA of $185-million represented a jump of 208 per cent.

Chief Financial Officer Paul Scherzer said Stelco could generate adjusted EBITDA “in excess” of $2-billion in 2021.

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