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 > HRC: Prices rise on higher mill offer

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Comment by fishcarrieron Aug 04, 2021 3:27pm

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Post# 33649451

RE:RE: HRC: Prices rise on higher mill offer

Yes, prices rose, then fell again. Steel prices are a bit up and down. But I suspect that last week STLC share prices rose quite a bit, and now it's falling back some. At least the stock is/was low enough to buy more shares. I don't quite understand why people/institutions would be selling now at just $40 when they are about to release earnings.

Prices on the New York CME are holding up fairly well. I figure if Stelco could have excellent earnings at $959 for hot rolled, they should make a ton more at twice the price, and with December being the lowest price at $1660 ($2075 CAN), they should have a banner year. Even if these prices fall to around $1550, that's still more than twice as much as Q.1's $959.

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