Stelco Q2 Earnings Up Sequentially on Higher Prices

Stelco

Second quarter ended June 30	2023	2022	% Change
Revenue	$841	$1,037	-19%
Net income (loss)	$117	$554	-79%
Per diluted share	$2.12	$7.67	-72%
Six months ended June 30
Revenue	$1,528	$1,943	-21%
Net income (loss)	$106	$816	-87%
Per diluted share	$1.92	$11.14	-83%

(in millions of Canadian dollars except per share)

Mill Shipments
Sheet
Stelco

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.