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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 > Stelco Share Buyback....
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Comment by Duke16on Apr 19, 2022 2:39pm
133 Views
Post# 34614040

RE:Stelco Share Buyback....

RE:Stelco Share Buyback....They haven't announced yet, and likely won't until Q1 results.

Based on the volume trends, looks like they were buying daily which drove the price up and now the price has slid back a bit as volumes decreased. Gotta assume the company purchases drove that.

Looking forward to a great Q1 announcement.  Prices have spiked again as a result of the conflict in the Ukraine and the company at some point will make a move to spend it's massive cash stockpile which is north of $1.5B at the moment.
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