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 > I agree plus additional thoughts

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Comment by extremeriskon Dec 04, 2021 10:24am

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RE:RE:I agree plus additional thoughts

Good points grossness but looks to me like steel prices are doing a bottoming process right now and setting up a floor above 1100 usd per ton. In this scenario Stelco will make a ton of money given their low cost position. Also as other poster mentioned scrap prices still high. Only time you do large special dividend is when you think future is grim. I owned Sears Canada when they did a special $19 a share dividend in 2006 or so. That made sense as retail department stores going down so time to cash out. For steel no sign of going down for awhile still. In pandemic reduced world there is pent up demand for still.

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