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 > Market decline too rapid to jump in here

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Post by extremeriskon Jan 21, 2022 5:09pm

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Post# 34344929

Market decline too rapid to jump in here

Was ready to buy today but overall market decline too rapid so macro not looking too good at the moment. Steel prices did another big tumble. I think buyback now will get done given the macro environment however if a recession may happen than steels will head down. Always tough to predict recessions but I guess we are due for one. It's been awhile.

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