Stelco Holdings Inc. (TSX:STLC) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to CAD 250 million worth of its outstanding shares. The shares will be repurchased at a price of not less than CAD 31 per share and not more than CAD 37 per share. If the aggregate purchase price for shares validly tendered pursuant to auction tenders and purchase price tenders is greater than the amount available for auction tenders and purchase price tenders, the company will purchase shares from the holders of shares who made purchase price tenders or tendered at or below the finally determined purchase price on a pro rata basis, except that “odd lot” holders will not be subject to proration. The bid will expire on January 26, 2022. As of December 20, 2021, the company had 77,315,265 shares issued and outstanding.