RBC Capital Markets Expects Stelco To Be Impacted By Lower Steel Prices-March 2024-www.financetom.com

RBC Capital Markets Expects Stelco To Be Impacted By Lower Steel Prices

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RBC Capital Markets Expects Stelco To Be Impacted By Lower Steel Prices

Apr 12, 2024 8:57 AM

11:20 AM EDT, 04/12/2024 (MT Newswires) -- RBC Capital Markets said Friday it expects Stelco Holdings ( STZHF ) to be negatively impacted by lower steel prices going forward.

RBC noted that Stelco ( STZHF ) is a "well-run company" following a tour of its Lake Erie Works and Hamilton Works facilities.

RBC said its takeaways from the tour include Stelco's ( STZHF ) recently updated facilities and footprint, which may drive the company's industry-leading margins.

RBC also cited Stelco's ( STZHF ) tactical flexibility and management of carbon tax requirements.

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