Steel Mills
November 15, 2018
Stelco Profits Soar Despite U.S. Tariffs
Written by Sandy Williams
Despite paying CAD $39 million in tariffs on 24 percent of its shipments, Canadian steel producer Stelco turned in a stellar performance in third-quarter 2018.
Stelco reported third-quarter revenue of $619 million, 84 percent higher than a year ago due to a 43 percent increase in steel shipping volumes and a 24 percent increase in average steel selling price. Shipments totaled 586,000 net tons at an average selling price of $980 per ton.
