Stelco Holdings Inc (TSE:STLC) has released an update.
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Stelco Holdings Inc. has reported a decrease in revenue, operating income, and adjusted EBITDA in the second quarter of 2024 compared to the same quarter the previous year, indicating a challenging period for the steelmaker despite a slight uptick from the first quarter of 2024. The company also shared a drop in shipping volume and average selling price per ton, while managing to repurchase over half a million shares and declaring a quarterly dividend of $0.75 per share.
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