Skip to main content

News & Media

Filter by:
Stelco Flag
Investors 08/13/2019

Stelco Holdings Inc. Reports Second Quarter 2019 Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Stelco Holdings Inc. second quarter 2019 highlights include:

  • Q2 2019 revenue of $431 million
  • Q2 2019 operating income of $3 million
  • Q2 2019 adjusted EBITDA* of $32 million and adjusted EBITDA per net ton* of $59
  • Q2 2019 steel shipping volumes* of 545 thousand net tons
  • Company declares a regular quarterly dividend of $0.10 per share payable on August 30, 2019 to shareholders of record as of the close of business on August 23, 2019
  • Balance sheet continues to strengthen, with total liquidity of $515 million** at the end of Q2 2019, and current cash balance of $455 million** in August 2019  
  •  

HAMILTON, ONTARIO, August 13, 2019 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company for the three months ended June 30, 2019. Stelco Holdings is the 100% owner of Stelco Inc. (“Stelco”), the operating company.

Read More...
Stelco Flag
Press Release 07/31/2019

Stelco Holdings Inc. Schedules Second Quarter 2019 Earnings Release and Conference Call

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, July 31, 2019 – Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its second quarter 2019 financial results on Tuesday, August 13, 2019, after the close of the market.

Stelco management will host a conference call to discuss its results on Wednesday, August 14, 2019 at 9:00 a.m. ET.  To access the call, please dial 1-888-390-0605 or 1-416-764-8609 and reference “Stelco”. The conference call will also be webcasted live on the Investor Relations section of Stelco’s web site at https://www.stelco.com/investors.

Read More...
Stelco Flag
News 06/27/2019

Stelco Announces Completion of its Batch Anneal Production Facility and Entrance to the Fully Processed Cold-Rolled Sheet Market

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, June 27, 2019 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”) (TSX: STLC) today announced that its wholly-owned subsidiary, Stelco Inc. (“Stelco”), has, after investing more than $30 million, commissioned a state-of-the-art batch annealing facility and is starting shipment of fully processed, annealed cold-rolled steel sheet. The restart of a modernized and upgraded temper mill, along with installation of new annealing furnaces, will allow Stelco to add a full range of up to 200,000 net tons of fully processed cold-rolled steel to its product mix. With completion of this project, Stelco will now be able to increase service to markets that demand these high-quality products such as the automotive, appliance and service centre markets, as well as the pre-painted steel market for architectural applications. These products have historically commanded higher prices than the full-hard cold-rolled products previously offered by Stelco and represent a continued expansion of product capabilities to enhance tactical flexibility and meet the needs of our customers.

Read More...
Stelco Flag
News 06/10/2019

Stelco Announces Selection of Strategic Co-Generation Partner

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, June 6, 2019 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”) (TSX: STLC) today announced that its wholly-owned subsidiary, Stelco Inc. (“Stelco”), has reached an agreement with DTE Energy Services, Inc. (“DTE”) as its exclusive development partner to pursue the further development of a strategic cogeneration project at Stelco’s Lake Erie facility in Nanticoke, Ontario. The partnership between Stelco and DTE represents an important next step towards the construction and commissioning of cogeneration capacity that will serve to reduce the Company’s costs by utilizing excess industrial gases and reducing exposure to peak electricity pricing. DTE has been engaged to conduct detailed design, engineering and development services to pursue the next phase of the cogeneration project.

Read More...
Stelco
Press Release 05/01/2019

Stelco Holdings Inc. Reports First Quarter 2019 Results

Stelco Holdings Inc. first quarter 2019 highlights include:

• Q1 2019 revenue of $517 million, up 7%, compared to Q1 2018

• Q1 2019 net income of $43 million, up 48%, compared to Q1 2018

• Q1 2019 adjusted EBITDA* of $63 million and adjusted EBITDA per ton* of $103

• Q1 2019 tariff adjusted EBITDA* of $76 million, up 10% from $69 million in Q1 2018

• Q1 2019 tariff adjusted EBITDA margins* of 15%

• Company declares a regular quarterly dividend of $0.10 per share

Read More...
Stelco Opens TSX
Investors 02/13/2019

Stelco Holdings Inc. Schedules Fourth Quarter and Full-Year 2018 Earnings Release and Conference Call

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, February 8, 2019 – Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its fourth quarter and full-year 2018 financial results on Tuesday, February 19, 2019, after the close of the market.  

Read More...
Stelco Opens TSX
Investors 11/13/2018

Stelco Reports Strong Third Quarter 2018 Results

Third quarter 2018 highlights include:

•    Q3 2018 operating income of $137 million •    Q3 2018 revenue increased by $283 million, or 84%, from revenue of $336 million in Q3 2017 •    Q3 2018 Adjusted EBITDA of $154 million and adjusted EBITDA per ton of $263, up 2,100% and 1,447%, respectively, compared to Q3 2017 •    Industry-leading Adjusted EBITDA margin of 25% in Q3 2018, up from 2% in Q3 2017, an increase of 1,150% •    Q3 2018 steel shipping volumes of 586,000 net tons, up 43% compared to Q3 2017 •    Q3 2018 Tariff adjusted EBITDA of $193 million, up 2,657% from $7 million in Q3 2017, and up 4% from $186 million from Q2 2018 •    Board has approved, subject to TSX approval, a share repurchase program (normal course issuer bid) of up to 4,440,681 shares •    Board has approved the regular quarterly dividend of $0.10 per share

  •  

HAMILTON, ONTARIO, November 13, 2018 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company and that of Stelco Inc. (“Stelco” or “Stelco Inc.”) for the three and nine months ended September 30, 2018. Stelco Holdings is the 100% owner of Stelco, the operating company.

  •  
Read More...
Stelco Opens TSX
Investors 11/07/2018

Stelco Holdings Inc. Schedules Third Quarter 2018 Earnings Release and Conference Call

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, November 2, 2018 – Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its third quarter 2018 financial results on Tuesday, November 13, 2018, after the close of the market.

Read More...
Stelco Opens TSX
Investors 07/31/2018

Stelco Reports Second Quarter 2018 Results

HAMILTON, ONTARIO, July 31, 2018 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company and that of Stelco Inc. (“Stelco” or “Stelco Inc.”) for the three months ended June 30, 2018. Stelco Holdings is the 100% owner of Stelco, the operating company.

 

Read More...
Stelco Opens TSX
Investors 07/19/2018

Stelco Holdings Inc. Schedules Second Quarter 2018 Earnings Release and Conference Call

HAMILTON, ONTARIO, July 19, 2018– Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its second quarter 2018 financial results on Tuesday, July 31, 2018, after the close of the market.

Read More...
Close