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News 06/10/2019

Stelco Announces Selection of Strategic Co-Generation Partner

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, June 6, 2019 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”) (TSX: STLC) today announced that its wholly-owned subsidiary, Stelco Inc. (“Stelco”), has reached an agreement with DTE Energy Services, Inc. (“DTE”) as its exclusive development partner to pursue the further development of a strategic cogeneration project at Stelco’s Lake Erie facility in Nanticoke, Ontario. The partnership between Stelco and DTE represents an important next step towards the construction and commissioning of cogeneration capacity that will serve to reduce the Company’s costs by utilizing excess industrial gases and reducing exposure to peak electricity pricing. DTE has been engaged to conduct detailed design, engineering and development services to pursue the next phase of the cogeneration project.

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Stelco
Press Release 05/01/2019

Stelco Holdings Inc. Reports First Quarter 2019 Results

Stelco Holdings Inc. first quarter 2019 highlights include:

• Q1 2019 revenue of $517 million, up 7%, compared to Q1 2018

• Q1 2019 net income of $43 million, up 48%, compared to Q1 2018

• Q1 2019 adjusted EBITDA* of $63 million and adjusted EBITDA per ton* of $103

• Q1 2019 tariff adjusted EBITDA* of $76 million, up 10% from $69 million in Q1 2018

• Q1 2019 tariff adjusted EBITDA margins* of 15%

• Company declares a regular quarterly dividend of $0.10 per share

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Stelco Opens TSX
Investors 02/19/2019

Stelco Reports Strong Fourth Quarter 2018 Results and Declares Special Cash Dividend of $100 million

Stelco Inc. fourth quarter 2018 highlights include:

Q4 2018 revenue of $648 million, up 43%, compared to Q4 2017

Q4 2018 operating income of $116 million, up 115% compared to Q4 2017

Q4 2018 adjusted EBITDA* of $145 million and adjusted EBITDA per ton* of $215, up 110% and 84%, respectively, compared to Q4 2017

Industry-leading adjusted EBITDA margin of 22% in Q4 2018, up from 15% in Q4 2017

Q4 2018 tariff adjusted EBITDA* of $168 million, up 143% from $69 million in Q4 2017

Q4 2018 steel shipping volumes* of 673,000 net tons, up 14% compared to Q4 2017

Stelco Holdings Inc. declares special cash dividend of $100 million ($1.13 per share) in addition to regular quarterly dividend of $0.10 per share  

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Stelco Opens TSX
Investors 02/13/2019

Stelco Holdings Inc. Schedules Fourth Quarter and Full-Year 2018 Earnings Release and Conference Call

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, February 8, 2019 – Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its fourth quarter and full-year 2018 financial results on Tuesday, February 19, 2019, after the close of the market.  

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Stelco Opens TSX
Investors 11/13/2018

Stelco Reports Strong Third Quarter 2018 Results

Third quarter 2018 highlights include:

•    Q3 2018 operating income of $137 million •    Q3 2018 revenue increased by $283 million, or 84%, from revenue of $336 million in Q3 2017 •    Q3 2018 Adjusted EBITDA of $154 million and adjusted EBITDA per ton of $263, up 2,100% and 1,447%, respectively, compared to Q3 2017 •    Industry-leading Adjusted EBITDA margin of 25% in Q3 2018, up from 2% in Q3 2017, an increase of 1,150% •    Q3 2018 steel shipping volumes of 586,000 net tons, up 43% compared to Q3 2017 •    Q3 2018 Tariff adjusted EBITDA of $193 million, up 2,657% from $7 million in Q3 2017, and up 4% from $186 million from Q2 2018 •    Board has approved, subject to TSX approval, a share repurchase program (normal course issuer bid) of up to 4,440,681 shares •    Board has approved the regular quarterly dividend of $0.10 per share

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HAMILTON, ONTARIO, November 13, 2018 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company and that of Stelco Inc. (“Stelco” or “Stelco Inc.”) for the three and nine months ended September 30, 2018. Stelco Holdings is the 100% owner of Stelco, the operating company.

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Stelco Opens TSX
Investors 11/07/2018

Stelco Holdings Inc. Schedules Third Quarter 2018 Earnings Release and Conference Call

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HAMILTON, ONTARIO, November 2, 2018 – Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its third quarter 2018 financial results on Tuesday, November 13, 2018, after the close of the market.

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Stelco Opens TSX
Investors 07/31/2018

Stelco Reports Second Quarter 2018 Results

HAMILTON, ONTARIO, July 31, 2018 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company and that of Stelco Inc. (“Stelco” or “Stelco Inc.”) for the three months ended June 30, 2018. Stelco Holdings is the 100% owner of Stelco, the operating company.

 

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Stelco Opens TSX
Investors 07/19/2018

Stelco Holdings Inc. Schedules Second Quarter 2018 Earnings Release and Conference Call

HAMILTON, ONTARIO, July 19, 2018– Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its second quarter 2018 financial results on Tuesday, July 31, 2018, after the close of the market.

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stelco opens TSX
Investors 06/05/2018

Stelco Announces Land Acquisition

HAMILTON, ONTARIO, June 5, 2018 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), today announced that its wholly owned subsidiary, Stelco Inc. (“Stelco”) has completed the acquisition of lands beneficially owned by Legacy Lands Limited Partnership (the “Land Vehicle”) on which Stelco conducts its operations in Hamilton (approximately 760 acres) and Nanticoke, Ontario (approximately 2300 acres), including lands in Hamilton that contain the Hamilton Works blast furnace and cast houses, as well as developable lands and port facilities (collectively, the “Lands”). 

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stelco opens TSX
Investors 05/02/2018

Stelco Reports First Quarter 2018 Results

HAMILTON, ONTARIO, May 2, 2018 - Stelco Holdings Inc. (“Stelco Holdings” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of the Company and that of Stelco Inc. (“Stelco” or “Stelco Inc.”) for the three months ended March 31, 2018. Stelco Holdings is the 100% owner of Stelco, the operating company.

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