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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.


OTCPK:STZHF - Post by User

Stelco Holdings Inc > steel prices
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Comment by extremeriskon Aug 14, 2021 9:47am
164 Views
Post# 33705927

RE:steel prices

RE:steel pricesThis has been the trend all year.  HRC steel futures continue to rise.  About 20 years ago reached peak of 2000 nt USD.  Looks like we are headed there again.  Unlike last time though I suspect this time higher prices stick for longer.  Due to low interest rates continuing and business shut down for pandemic now starting to come up so have pent up demand.  Also the dumping of steel not happening now due to foreign tarriffs which weren't in place before.  Governments trying to protect jobs.
I plan to add more on down days.  No point doing day trading on this  one given long term outlook.
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