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HAMILTON, ON, June 18, 2021 /CNW/ - June
18, 2021 - Stelco Holdings Inc. ("Stelco"
or the "Company"), (TSX: STLC) is
pleased to announce that the Company's common shares will be added
to the S&P/TSX Composite Index effective June 21, 2021.
"Stelco is honoured to be included in the S&P/TSX Composite
Index which marks an important milestone. It is a testament to
the efforts and dedication of our customers, business partners,
management team and employees who have worked tirelessly to restore
Stelco to its rightful place as the preeminent publicly-traded
steelmaker in Canada," said
Alan Kestenbaum, Executive Chairman
& CEO of Stelco Holdings Inc. "We have reinvested aggressively
and upgraded our operations significantly since our IPO in 2017 and
look forward to reaching a broader range of investors as we
continue in our efforts to drive sustainable, long-term value
creation for all of our shareholders."
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. In addition to
being North America's only
integrated producer of pig iron, 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 service
centres, which are regional distributors of steel products. At
Stelco, we understand the importance of our business reflecting the
communities we serve and are committed to diversity and inclusion
as a core part of our workplace culture, in part, through active
participation in the BlackNorth Initiative.
SOURCE Stelco