We have recently taken a liking to Stelco holdings (TSX: STLC), a producer of value-added steel products with headquarters in Hamilton, Ontario. Stelco is an impressive turnaround story that has successfully emerged from bankruptcy. The company now has a strong capital structure with no long-term debt and over $250 million of cash on hand as at December 31, 2017. STLC also has no pension liabilities, low input costs and has a dividend yield of about 1.70%. Stelco produces steel products using new metals whereas many in the industry use scrap metals. With the increasing prices of scrap metal and synthetic graphite rods, Stelco is well-positioned to compete on price.