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 > Almost laughable

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Comment by Bamsmbaon Jan 06, 2022 8:53am

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Post# 34288421

RE:Almost laughable

Good insight, Forklift guy!

I read the news release... and thought the words about "well below prior guidance" did not really reflect a reduction of less than 10% of production... but you are definitely correct. There was nothing in the release regarding the good pricing they have enjoyed, cash in the bank and the expected end of Covid, etc. It certainly doesn't sound like the CEO wrote it.

That said... hopefully this will trigger more share redemptions and we can look forward to increased EPS later this year... understanding the steel prices are under pressure.

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