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 > Hot rolled education

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Comment by Duke16on Jan 19, 2022 10:33am

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Post# 34332503

RE:Hot rolled education

You are 100% correct. Seems like either people don't understand the Steel market & history, or are purposely talking it down for their own gain.

Current prices have dropped, and likely will continue to do so gradually for some time.
At USD $1,000, Stelco is still poised to make $500/NT profit!! (Can't use Q3 costs as raw material costs have been going up and down with price).

If Stelco can produce 2.5Million NT/year going forward, and make $500/NT profit.....well you do the math but they're a cash cow now and for the foreseeable future!!!

Where else is it you can buy a stock for $35 that will make $15-$20/share a year profit for the foreseeable future?????

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