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Stelco Holdings Inc T.STLC


Primary Symbol: STZHF

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

Post by extremeriskon Dec 21, 2021 11:03am
135 Views
Post# 34250475

Squeezing out the short traders

Squeezing out the short traders

That's the play here.  The shorts will disappear with $250 million floor to deploy at 37 a share.  No pint shorting Stelco now.  That's almost 7 million shares worth of cushion.  

Upside based in steel prices demand and overall market.  Would love to see Stelco do a deal with Tesla same way steel dynamics did for the cyber truck coming up next year.

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