Stelco reports strong contributions from integrated, mini-mill segments
Nov 09, 2004 | 10:56 AM
| Scott Robertson
Stelco Inc., Hamilton, Ontario, rode the wave of strong demand for steel products during the third quarter, with solid performances from both its integrated and mini-mill business segments.
Stelco said it anticipates market demand will soften in the fourth quarter, but overall it should remain strong throughout 2005.
Stelco's integrated mill segment comprises its Hamilton and Lake Erie steel operations and their raw materials properties. The integrated segment posted third-quarter operating earnings of Canadian $80 million ($66.8 million), up C$44 million ($36.7 million) from the second quarter and a turnaround from an operating loss of C$129 million in the third quarter of last year.....
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