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 > issuer bid

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Comment by Jasonuwon Dec 23, 2021 10:09am

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Post# 34257694

RE:RE:issuer bid

Short interest isn't high tbh. Even if float is 40 million shares, short interest is what 2 or 3%? Overall maybe 1.5% of shares outstanding total? Might be a preemptive move. At least that would make some sense in my opinion. Lead times are shrinking to 3 weeks from the 12 weeks we saw in the summer. Spot Steel prices have fallen by $172 USD/st in 3 weeks. Even though Stelco has long term contracts, the stock price and how they negotiate those contracts is definitely sensitive to the spot market steel prices and the forward curve. They could see some upcoming weakness and they want to be ready with the SIB for 10% of shares outstanding if the price falls to $33.

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