Hamilton Ontario based Canadian steel maker Stelco Holdings Inc has announced CAD 2 billion Ebidta for 2021. Stelco Holdings Executive Chairman & Chief Executive Officer Mr Alan Kestenbaum said "Today Stelco is reporting our most successful year on record, and I could not be prouder of our team for delivering these results, Over the past four and a half years, we have invested strategically and remained tactically flexible in order to take full advantage of our industry leading low-cost position and capitalize on favourable market conditions. As a result, we have returned almost CAD 1 billion to our shareholders since our IPO in 2017 and are reporting record EBITDA, net income and margins for the 2021 year."Steel Sales - 2,690 thousand net tons (2020 - 2,020)Average Selling Price – CAD 1,473 per net ton (2020- 705)Revenue – CAD 4,123 million (2020 –2,606 million)EBITDA – CAD 2,055 million (2020 – CAD 75 million)Net Income – CAD 1,609 million (2020 – CAD 159 million loss)---------------------------------------Tons Shipped by Product - 2021---------------------------------------Hot-rolled - 1,973 '000 net tons, up 36% YoYCoated - 498 '000 net tons, up 38% YoYCold-rolled - 63 '000 net tons, down 22% YoYOthers - 156 '000 net tons, up 26% YoYTotal - 2,690 '000 net tons, up 33% YoY
Hamilton Ontario based Canadian steel maker Stelco Holdings Inc has announced CAD 2 billion Ebidta for 2021. Stelco Holdings Executive Chairman & Chief Executive Officer Mr Alan Kestenbaum said "Today Stelco is reporting our most successful year on record, and I could not be prouder of our team for delivering these results, Over the past four and a half years, we have invested strategically and remained tactically flexible in order to take full advantage of our industry leading low-cost position and capitalize on favourable market conditions. As a result, we have returned almost CAD 1 billion to our shareholders since our IPO in 2017 and are reporting record EBITDA, net income and margins for the 2021 year."Steel Sales - 2,690 thousand net tons (2020 - 2,020)Average Selling Price – CAD 1,473 per net ton (2020- 705)Revenue – CAD 4,123 million (2020 –2,606 million)EBITDA – CAD 2,055 million (2020 – CAD 75 million)Net Income – CAD 1,609 million (2020 – CAD 159 million loss)---------------------------------------Tons Shipped by Product - 2021---------------------------------------Hot-rolled - 1,973 '000 net tons, up 36% YoYCoated - 498 '000 net tons, up 38% YoYCold-rolled - 63 '000 net tons, down 22% YoYOthers - 156 '000 net tons, up 26% YoYTotal - 2,690 '000 net tons, up 33% YoY
