Stelco Holdings Inc. (STZHF) Company Profile
Stelco Holdings Inc. (OTCPK: STZHF) is a century-old Canadian steel manufacturer offering a variety of value-added steel products. In 2024, it was acquired by Cleveland-Cliffs (CLF) for $2.5 billion, marking a landmark consolidation in the North American steel industry.
1. Company Overview
Stelco Holdings Inc. (OTCPK: STZHF) is a long-established steel manufacturer headquartered in Hamilton, Ontario, Canada. Founded in 1910, it employs around 2,313 full-time staff and operates in Canada, the U.S., and international markets.
Stelco offers a variety of value-added flat-rolled steel products, including hot-rolled, cold-rolled, and coated steel. Its products are widely used across the construction, automotive, energy, appliance, and pipe sectors, and it also serves numerous steel service centers.
Official website: https://www.stelco.com/
2. Core Business Segments
1. Value-Added Steel Product Manufacturing
Stelco specializes in flat-rolled steel, producing hot-rolled, cold-rolled, coated, and pre-painted steel sheets, mainly for the construction, automotive, and energy sectors—its core business area.
2. Raw Material Smelting (Coke and Pig Iron)
The company operates its own coke ovens and blast furnaces to produce metallurgical coke and pig iron, either for internal use or external sales, enhancing raw material independence and profit margins.
3. Industrial Services and Processing
Stelco provides steel processing, cutting, pre-treatment, and delivery services for downstream clients, supporting customization needs across service centers and manufacturing businesses.
3. Technological and Business Advantages
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Over a century of manufacturing history with deep industry expertise and strong brand influence
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Highly specialized capabilities in cold-rolled and hot-rolled steel production
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Stable customer base across multiple industries in North America
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Modern and scalable production facility at Lake Erie Works
4. Company History
Year | Milestone |
---|---|
1910 | Stelco was founded through the merger of five companies |
2007 | Acquired by U.S. Steel for $1.9 billion, renamed U.S. Steel Canada |
2016 | Acquired by Bedrock Industries and rebranded as Stelco |
Nov 2017 | Completed IPO on the Toronto Stock Exchange, raising CAD 200 million |
Nov 1, 2024 | Acquired by Cleveland-Cliffs (CLF) for approximately $2.5 billion |
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