Steel Mills
February 22, 2018
Stelco Reports Strong Quarter, Treads Lightly Around U.S. Politics
Written by Sandy Williams
Canadian steel mill Stelco held its first earnings call since becoming a publically held company and reported stellar results for the fourth quarter. The company, formerly owned by U.S. Steel, presented a strong balance sheet, no debt and no legacy liabilities.
Revenue for the quarter increased 45 percent from a year ago to $452 million. Adjusted EBITDA jumped 245 percent to $69 million. Shipping volume increased 28 percent year-over-year to 592,000 net tons.
