After decades of crisis, a renewed sense of purpose

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Behind cheap nfl jerseys the docks, 25 ton coils of steel are lined up for shipment, still radiating heat three days after they were produced.After decades of crisis, a renewed sense of purpose has settled over the 107 year old company, which just completed the first initial public offering of a North American steelmaker in seven years. The question hanging over the reinvigorated enterprise is whether Stelco is finally on the cusp of sustained profitability, or whether it will wilt in an industry dominated by global giants and cheap Asian producers.In the pantheon of great Canadian corporate names, Stelco doesn exactly scream confidence. The Hamilton, Ontario based Steel Company of Canada was once the country biggest producer, with a workforce of 25,000 in the 1970s.Stelco jumps in trading debut as 107 year old steelmaker goes it aloneStelco shares trading 11% above IPO price in first day of trading on TSXTurnaround specialist takes 100 year old Stelco public, months after it came out of creditor protectionIt since gone through two stints in creditor protection while it struggled with operating losses, bitter labour relations, high debts and pension deficits.

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