Shares of Stelco Holdings Inc fell as much as 8.5% on Tuesday after the Canadian steel company withdrew its $300 million debt offering, citing “current bond market conditions”. Stelco’s withdrawal comes at a time when industry experts are predicting continued weakness in steel prices. United States Steel Corp warned of weakening demand last week and forecast a bigger-than-expected loss for the third quarter.

source https://finance.yahoo.com/news/stelco-shares-tumble-over-8-174432673.html?.tsrc=rss