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HAMILTON, ON, Sept. 23, 2019 /CNW/ - Stelco Holdings Inc.
("Stelco" or the "Company") (TSX: STLC) today announced that, due
to current bond market conditions, its wholly-owned subsidiary,
Stelco Inc. ("Stelco Inc.") has withdrawn its proposed offering of
approximately US$300 million in
aggregate principal amount of senior secured notes.
About Stelco
Stelco is a low cost, integrated and independent steelmaker with
one of the newest and most technologically advanced integrated
steelmaking facilities in North
America. Stelco produces flat-rolled value-added steels,
including premium-quality coated, cold-rolled and hot-rolled steel
products. With first-rate gauge, crown, and shape control, as well
as reliable uniformity of mechanical properties, our steel products
are supplied to customers in the construction, automotive and
energy industries across Canada
and the United States as well as
to a variety of steel services centres, which are regional
distributers of steel products.
SOURCE Stelco