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 > Excessive Optimism

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Comment by extremeriskon Sep 25, 2021 5:40pm

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Post# 33919725

RE:Excessive Optimism

Based on last published report their breakeven is $685 cdn or $534USD.

Lots of profit potential here based on current future prices. I think key is with pandemic and artificially low rates has the federal reserve set the table for higher inflation. I think they have which means all commodities will appreciate including steel. Demand strong as lots of businesses shut down for a year so playing catch up now. Can't see steel prices going back to where they were.

short term pain now but long term safe to be optimistic here. Steels haven't had much success last 20 years so now it's their turn.

I would definitely not short here.

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