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    February 21, 2024

    Stelco swings to a Q4 loss but sees better margins ahead

    Written by Ethan Bernard

    Stelco Holdings Inc.

    Fourth quarter ended Dec. 3120232022% Change
    Net sales$613$674-9%
    Net earnings (loss)($25)$23-209%
    Per diluted share($0.45)$0.39-215%
    Twelve months ended Dec. 31
    Net sales$2,917$3,463-16%
    Net earnings (loss)$149$997-85%
    Per diluted share$2.70$14.64-82%
    (in millions of Canadian dollars except per share)

    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.

    Read more from Ethan Bernard

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