Edition:
India

Stelco Holdings Inc (STLC.TO)

STLC.TO on Toronto Stock Exchange

8.57CAD
10 Aug 2020
Change (% chg)

-- (--)
Prev Close
$8.57
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
105,450
52-wk High
$13.19
52-wk Low
$3.24

Latest Key Developments (Source: Significant Developments)

Stelco Announces Entering Into Of Energy Services Agreement With Dte Energy Services
Friday, 19 Jun 2020 

June 18 (Reuters) - Stelco Holdings Inc ::STELCO ANNOUNCES ENTERING INTO OF ENERGY SERVICES AGREEMENT WITH DTE ENERGY SERVICES, INC..STELCO HOLDINGS - ITS WHOLLY-OWNED SUBSIDIARY, STELCO INC, HAS ENTERED INTO AN AGREEMENT WITH DTE ENERGY SERVICES INC.STELCO- AGREEMENT IS FOR DEVELOPMENT, CONSTRUCTION AND OPERATION OF A 65MW COGENERATION FACILITY AT STELCO'S LAKE ERIE FACILITY IN NANTICOKE, ONTARIO.DTE WILL FUND CAPITAL COSTS ASSOCIATED WITH CONSTRUCTION OF COGEN PLANT.STELCO HOLDINGS - STELCO WILL PAY DTE A FIXED ANNUAL FEE PURSUANT TO AN ENERGY SERVICES AGREEMENT FOR OPERATING COGEN PLANT FOR A TERM OF 20 YEARS.CONSTRUCTION IS EXPECTED TO START IN SUMMER OF 2020 WITH COGEN PLANT EXPECTED TO BE OPERATIONAL IN FIRST HALF OF 2022.  Full Article

Stelco Appoints Paul Scherzer As Chief Financial Officer
Monday, 9 Mar 2020 

March 9 (Reuters) - Stelco Holdings Inc ::STELCO ANNOUNCES APPOINTMENT OF PAUL SCHERZER AS CHIEF FINANCIAL OFFICER.STELCO HOLDINGS INC - PAUL SCHERZER HAS BEEN APPOINTED CFO, EFFECTIVE MARCH 16, 2020.STELCO HOLDINGS INC - PAUL SCHERZER HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER, EFFECTIVE MARCH 16, 2020..  Full Article

Stelco Holdings Reports Qtrly Net Loss Per Common Share $0.27
Wednesday, 19 Feb 2020 

Feb 18 (Reuters) - Stelco Holdings Inc ::REPORTS FOURTH QUARTER AND ANNUAL 2019 RESULTS.REVENUE OF $435 MILLION FOR QUARTER, COMPARED TO $464 MILLION FOR Q3 2019.SHIPMENTS OF 633,000 TONS FOR QUARTER COMPARED TO 654,000 TONS FOR Q3 2019.QTRLY NET LOSS PER COMMON SHARE (DILUTED) $0.27.QTRLY ADJUSTED NET LOSS PER COMMON SHARE (DILUTED) $0.15.ELECTING TO COMMENCE RELINE AND COMMISSION NEW PIG IRON CASTER IN SECOND HALF OF THIS YEAR.EXPECT TO COMMENCE SHIPMENTS OF PIG IRON DURING Q4 OF THIS YEAR.STELCO HOLDINGS - FOR Q1 2020, EXPECT TO SHIP ABOUT 650,000 TONS AND REALIZE IMPROVED PRICING OVER Q4 2019.AVERAGE SELLING PRICE OF STEEL PRODUCTS DECREASED FROM $917/NT IN Q4 2018 TO $659/NT IN Q4 2019.ON FEB 18, BOARD OF DIRECTORS APPOINTED HEATHER ROSS AS LEAD DIRECTOR.Q4 EARNINGS PER SHARE VIEW C$-0.18, REVENUE VIEW C$440.6 MILLION -- REFINITIV IBES DATA.  Full Article

Stelco Announces Alan Kestenbaum To Become Chief Executive Officer
Monday, 27 Jan 2020 

Jan 27 (Reuters) - Stelco Holdings Inc ::STELCO ANNOUNCES ALAN KESTENBAUM TO BECOME CHIEF EXECUTIVE OFFICER.STELCO HOLDINGS INC - EFFECTIVE FEBRUARY 21, 2020, DAVID CHENEY WILL BE STEPPING DOWN & RETURNING TO BEDROCK INDUSTRIES.  Full Article

Stelco Announces Resignation Of Chief Financial Officer
Wednesday, 18 Dec 2019 

Dec 17 (Reuters) - Stelco Holdings Inc ::STELCO ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER.STELCO HOLDINGS INC - ROY COLLINS, VICE-PRESIDENT, INTERNAL AUDIT, WILL BE ASSUMING ROLE OF INTERIM CFO.STELCO HOLDINGS INC - ENGAGED EXECUTIVE SEARCH FIRM TO ASSIST IN RECRUITING A NEW CFO.STELCO HOLDINGS - DON NEWMAN, CFO, ADVISED CO THAT EFFECTIVE JANUARY 5, 2020, HE WILL RESIGN FROM ORGANIZATION.  Full Article

Stelco Holdings Reports Q3 Revenue Of $475 Mln
Thursday, 14 Nov 2019 

Nov 13 (Reuters) - Stelco Holdings Inc ::STELCO HOLDINGS INC. REPORTS THIRD QUARTER 2019 RESULTS.STELCO HOLDINGS INC - Q3 2019 REVENUE OF $475 MILLION.STELCO HOLDINGS INC - QTRLY ADJUSTED LOSS PER SHARE $0.12.  Full Article

Stelco Holdings Announces Second Quarter Earnings Per Share Of $0.01
Wednesday, 14 Aug 2019 

Aug 13 (Reuters) - Stelco Holdings Inc ::STELCO HOLDINGS INC. REPORTS SECOND QUARTER 2019 RESULTS.STELCO HOLDINGS INC QTRLY EARNINGS PER SHARE $0.01.STELCO HOLDINGS INC QTRLY ADJUSTED EARNINGS PER SHARE $0.07.STELCO HOLDINGS INC - Q2 2019 REVENUE DECREASED $280 MILLION, OR 39%, FROM $711 MILLION IN Q2 2018.STELCO HOLDINGS INC - SHIPPING VOLUMES DECREASED 203 THOUSAND NT, FROM 748 THOUSAND NT IN Q2 2018 TO 545 THOUSAND NT IN Q2 2019.STELCO HOLDINGS INC - TARGETING A FURTHER ANNUALIZED $25-50 MILLION OF COST REDUCTIONS IN SECOND HALF OF YEAR.  Full Article

Stelco Reports Agreement With DTE Energy Services As Exclusive Development Partner
Friday, 7 Jun 2019 

June 6 (Reuters) - Stelco Holdings Inc ::STELCO ANNOUNCES SELECTION OF STRATEGIC CO-GENERATION PARTNER.STELCO - AGREEMENT WITH DTE ENERGY SERVICES AS EXCLUSIVE DEVELOPMENT PARTNER FOR FURTHER DEVELOPMENT OF COGENERATION PROJECT AT CO'S LAKE ERIE FACILITY.STELCO - DTE ENGAGED TO CONDUCT DETAILED DESIGN, ENGINEERING & DEVELOPMENT SERVICES TO PURSUE NEXT PHASE OF COGENERATION PROJECT AT LAKE ERIE FACILITY.  Full Article

Stelco Announces Acquisition Of Remaining Former Stelco Hamilton Lands
Thursday, 9 May 2019 

May 8 (Reuters) - Stelco Holdings Inc ::STELCO ANNOUNCES ACQUISITION OF REMAINING FORMER STELCO HAMILTON LANDS.STELCO HOLDINGS INC SAYS REMAINING LANDS WERE PURCHASED FROM LEGACY LANDS LIMITED PARTNERSHIP FOR AN AGGREGATE PURCHASE PRICE OF $20 MILLION.  Full Article

Stelco Holdings Reports Q1 2019 Revenue Of $517 Million, Up 7 Pct
Thursday, 2 May 2019 

May 1 (Reuters) - Stelco Holdings Inc ::STELCO HOLDINGS INC. REPORTS FIRST QUARTER 2019 RESULTS.Q1 2019 REVENUE OF $517 MILLION, UP 7%, COMPARED TO Q1 2018.DECLARES A REGULAR QUARTERLY DIVIDEND OF $0.10 PER SHARE.Q1 2019 REVENUE OF $517 MILLION, UP 7%.Q1 REVENUE VIEW C$533.1 MILLION -- REFINITIV IBES DATA.QTRLY NET INCOME $43 MILLION.  Full Article