November 27, 2018 / 4:55 PM / in 2 months

BUZZ-Stelco Holdings: Shares fall on GM Oshawa plant closure

** Shares of Stelco Holdings, which sells steel to auto sector, down 5.4 pct at C$18.44

** Stock down for 2nd consecutive session after General Motors announced the closure of its Oshawa plant in Ontario

** GM’s announcement came as a surprise to governments and employees, who walked off the job in protest; GM is shifting more investment to electric and autonomous vehicles

** Including today’s losses, STLC down ~14 pct YTD (Reporting by John Benny in Bengaluru)

0 : 0
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