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 > Raised forecasts

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Post by forkliftguyon May 08, 2021 8:28am

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Post# 33159308

Raised forecasts

Hard to believe that very few people liked Stelco in March of 2020 below 5 dollars a share other than " Retired " and myself . The appreciation on this stock has pretty much made up for my terrible investment in Torstar . I lost my shirt and more on that one .Getting back to Stelco , It is still trading only about 1.5 times this years EBITA . More upgrades this week :

RBC an outperform to $46.

National Bank an outperform to $45.

BMO to $44.

Scotia Bank to $40.

A real nice job by Management !

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