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        Hi, I'm Ted Dixon with the
INK
        Morning Report preview for
        June 23rd, "Insiders of
Steel."
        Steelmaker Stelco was one
        of the stocks with the
largest drop in
        short interest in
        the latest mid-June IIROC
short report.
        The drop comes after
Stelco
        closed a secondary
offering of 6.67
        million common shares at
        $33.00 per share on June
2nd.
        However,
        the short position in the
stock remains
        elevated at 2.2% of
Stelco's float.
        As of Q1, trailing
12-months cash flow at
        the company has been on
        the rise according to
Refinitiv.
        Moreover, strategic
investments in
        its facilities appear to
be
        paying off as Stelco has
        been able to meet growing
demand.
        Going forward, management
was
        upbeat about what it
expects to
        be robust demand and
        strong pricing in the near
term.
        And, it expects earnings
        before interest, tax,
        deprecation and
amortization or
        EBITDA to keep growing.
        Stelco is part of
        the INK Canadian Insider
Index,
        which is made up of
        the 50 high-ranked INK
Edge stocks
        that are typically
investable
        for institutions.
        The list is available to
        INK institutional
subscribers and I will
        put a link in
        the video description on
INK Ultra Money.