Shares surged 26.2% as the company demonstrated marked operational progress and raised forward EBITDA guidance, driven by recovering automotive volumes, better-than-expected pricing, and margin expansion.
- Returned to positive free cash flow and tripled adjusted EBITDA from Q1 to Q2.
- Third-quarter adjusted EBITDA guidance set at $575 million, implying more than doubling Q2 EBITDA.
- Automotive steel shipments hit the highest level in two years, benefiting from reshoring and trade policies.
- Margin improvements supported by higher prices, lower costs, and improved finishing line utilization.
- Stelco contribution expected to support H2 results despite some finishing line weaknesses.
Community Discussion