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 > China is pushing the steel market up

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Comment by Stocker46on Mar 07, 2023 11:18am

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Post# 35323714

RE:China is pushing the steel market up

So we're back to rebar again. To the best of my knowledge, Stelco does not produce rebar.

People are getting excited about more activity in China after coming out of lookdown. One of those activities will be ramping up steel production. China planned to commission 14 new strip mills in 2022 (no doubt, that was affected by covid to some degree). They are planning to commission an additional 10 new strip mills in 2023.
These new mills will add about 68 million metric tons to global production.

Do you honestly believe that this will tighten supply & increase prices?

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