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 > At $57 is at BNS 1 year target

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Comment by prestedon Mar 29, 2022 11:38am

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Post# 34555551

RE:RE:RE:RE:At $57 is at BNS 1 year target

Looks like you weren't alone Stocker! I have to say I was tempted, but I didn't and I don't regret it ( well, maybe a bit!), as I think the medium term is bullish for steel everywhere in the world except Russia. I think the Covid return in China is a factor and who knows how serious it is, They likely kept a lid on infections during the Olympics and are paying the price now. But, if it is the cause, unlikely it will be a big deal. Unlike Canada where we let truckers and other w*nkers dictate to us, the Chinese will lock down until the panic subsides. So, Stelco is definitely a hold for me for now. GLTAL

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