Stelco To Report Strong Q2, Weaker Results for 2H

Stelco Holdings Inc. expects its second quarter earnings results to be notably higher sequentially and year-on-year but is warning that a weakening steel market will mean lower results for the second half of the year.

stelco In a preliminary earnings report, the Canadian flatrolled steelmaker said it expects its Q2 adjusted EBITDA to be Candian $460-470 million ($357.7-365.5 million US) with shipping volumes of 677,000 tons 10% higher than Q1. EBITDA will be an improvement from the C$402 million ($312.6 million) seen in Q1 and the C$410 million ($318.8 million) seen in Q2 2021.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.