for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

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)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up