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 > Drop on average volume

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Post by extremeriskon Jul 17, 2021 8:13am

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Post# 33564883

Drop on average volume

As a general rule if you have large drop on average volume as we had yesterday is good reason to add more. 430k is about average.
large drops on large volumes however indicates time to exit. The steel bull is still intact markets open up after long lockdown which is unprecedented. Lots of pent up demand to satisfy after a year and half of lockdown.

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