Stelco - Ownership and Business Overview

Metals/miningCompany

Stelco Ownership

Who owns Stelco?

Stelco is owned by Cleveland-Cliffs. It was acquired on July 15, 2024.

Was Stelco formerly PE-backed?

Yes. Stelco was formerly owned by 1 private investor.

Stelco Business Overview

Where is Stelco headquartered?

Stelco is headquartered in Hamilton, Ontario.

What is Stelco’s revenue?

Stelco disclosed revenue of 2,917M CAD for 2023 and 3,463M CAD for 2022.

How many employees does Stelco have?

Stelco has 2,421 employees.

What sector is Stelco in?

Stelco is a metals/mining company.

When was Stelco founded?

Stelco was founded in 1910.

Metals/mining M&A Summary in 2024

Out of 60 sectors in the Mergr database, metals/mining ranked 32 in number of deals in 2024. The largest metals/mining acquisition in 2024 was Stelco Holdings - which was acquired by Cleveland-Cliffs for $2.6B.

Join Mergr to view all 44 acquisitions of metals/mining companies in 2024, including 3 acquisitions by private equity firms, and 41 by strategics.

Stelco

Stelco Holdings, Inc.

386 Wilcox Street,
Hamilton, Ontario L8L 8K5
Canada,
(905) 528-2511
www.stelco.com

Stelco is a steel company fully integrated, industry major facilities are among the safest, environmentally progressive, and productive steel plants in the world. Powered by Canadian craftsmanship, Stelco's operations in Hamilton and Nanticoke reflect the strength of each community. Together with employing more than 2,200 people, these fully integrated, industry-leading facilities are among the safest, environmentally progressive, and productive steel plants in the world. Hamilton Works is located on the shore of Lake Ontario in Hamilton, Ontario. Lake Erie Works is located in Nanticoke, Ontario, on the shores of Lake Erie. Stelco produces high-quality steel that is used primarily in the North American automotive, construction, infrastructure, appliance, manufacturing and pipe, and tube industries. Stelco was founded in 1910 and is based in Hamilton, Ontario.


Company Summary

SECTOR

Metals/Mining

Revenue

2,917   16% 2023
3,463   17% 2022
4,123   172% 2021
1,517   18% 2020
1,841   26% 2019
2,460   2018
1,302   4% 2016
1,347   29% 2015
1,893   2014
(millions of CAD) Show More Show Less

Employees

2,421

Established

1910

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