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Highlights

Stelco Holdings Inc. (TSX: STLC) has more than a century of experience in building superior quality steel products. Based in Canada, the company has diversified customer base across North America.

One of the key positive aspects of the company it its higher Return on Equity, which was 11.0% in FY23 compared to an industry median of 4.2%. Entering Q1 2024, the company expects shipping volumes to rebound to approximately 625 thousand to 675 thousand net tons, alongside enhanced adjusted EBITDA driven by improved pricing conditions observed. The group is planning to optimise production by utilising previously underexploited processes. It is continuously pursuing initiatives to improve asset use with minimal investment. It is also investigating ways to generate revenue from by-products. Recently, the company paid a quarterly dividend of CAD 0.50 per share (7 March 2024). As of 08 April 2024, the company’s dividend yield stood at 4.60%.

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