Steel Mills
May 7, 2020
Stelco at Full Capacity in Q1 Despite Pandemic
Written by Sandy Williams
Canadian steelmaker Stelco sold out its mill and shipped to capacity despite the coronavirus pandemic in the first quarter of 2020. CEO Alan Kestenbaum attributes a higher value mix, excellent service to customers and a tremendously loyal customer base for its ability to fill order books when competitors are struggling. The company shipped 621,000 net tons of steel during the quarter.
“We reached 150,000 tons or an annualized run rate of close to 600,000 net tons of value-added cold-rolled and coated shipments. With our order book approximately 85 percent filled for the second quarter, we are hopeful to be able to ship to capacity yet again for this current quarter despite the uncertainty resulting from the pandemic,” said Kestenbaum.
