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 > You have to wonder

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Comment by Blueswinon Jul 25, 2021 8:54pm

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Post# 33602603

RE:You have to wonder

It does seem crazy that with all the upgrades on Stelco it doesn't seem to move the share price. Last week Nucor & Cleavland Cliffs reported best Q ever & it didn't really move their stock prices. Nucor is buying back shares & paying a div. Although I think most USA Steel companies carry a fair amount of debt unlike Stelco. It seems like the Steel prices are holding up but they can be much lower & still be very profitable. Everyone is concerned that it will sink like lumber. I guess they might have to buy up 30-50% of the shares to help move the share price. Q2 can't get here fast enough. If steel prices hold like this to the end of the year it would be amazing for all who hold Stelco!

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