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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 > Brian Madden -BNN- Don't Buy
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Comment by Stocker46on Apr 19, 2023 4:10pm
115 Views
Post# 35403779

RE:Brian Madden -BNN- Don't Buy

RE:Brian Madden -BNN- Don't BuyGot to love these analysts.
A while back when their SP went over $60, a number of analysts were still very positive on Stelco .. & that was when future steel prices were still somewhat uncertain.  Now that prices are recovering & major steel producers recently have raised their published prices & are making comments about full order books etc, .. this guy says DON'T BUY.

Algom Steel 1Q (calendar) guidance on March 30 included the following: 
 “We are pleased to note that steel prices are presently at a nine-month high. Attractive market conditions, combined with our consistent operations, are likely to significantly enhance our profitability as we head into fiscal 2024" .. (fiscal 2024 starts with calendar 2nd Q 2023).

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