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● NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Stelco Holdings Inc. second quarter highlights include : Revenue of $ 918 million for the quarter , up 123 % from Q2 2020 Operating income of $ 393 million , representing a 43 % margin for the quarter , up 2,356 % from Q2 2020 Adjusted EBITDA * of $ 410 million , representing a 45 % margin for the quarter , up 1,106 % from Q2 2020 ● The Steel Company of Canada Stelco Holdings Inc. Reports Second Consecutive Quarter of Record Results in Q2 2021 and Doubles Dividend ● Adjusted Net Income * of $ 380 million , representing $ 4.28 per share , up 3,700 % from Q2 2020 • Shipments * of 679,000 tons for the quarter , up 18 % from Q2 2020 Average selling price of $ 1,292 per net ton , up 85 % from $ 700 per net ton in Q2 2020 Declared increased quarterly dividend of $ 0.20 per share payable on August 31 , 2021 HAMILTON , ONTARIO , August 10 , 2021 - Stelco Holdings Inc. ( " Stelco Holdings " or the " Company " ) , ( TSX : STLC ) , a low cost , integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America , today announced financial results of the Company for the three and six months ended June 30 , 2021. Stelco Holdings is the 100 % owner of Stelco Inc. ( " Stelco " ) , the operating company . Selected Financial Information : STELCO ( in millions Canadian dollars , except volume , per share and nt figures ) Revenue ( $ ) Operating income ( $ ) Net income ( loss ) ( $ ) Adjusted net income ( loss ) ( $ ) * Net income ( loss ) per common share ( diluted ) ( $ ) Adjusted net income ( loss ) per common share ( diluted ) ( $ ) * * Q2 2021 918 393 363 380 4.09 4.28 1,292 679 Q2 2020 411 16 410 604 10 T 0.11 700 576 Change Q1 2021 123 % 2,356 % NM 3,700 % 1 NM 3,791 % 85 % 18 % 665 167 119 155 1.34 1.75 Change YTD 2021 YTD 2020 38 % 1,583 856 135 % 560 23 482 ( 24 ) 535 ( 16 ) 959 675 205 % 145 % 205 % Average selling price per nt ( $ ) * Shipping volume ( in thousands of nt ) * Adjusted EBITDA ( $ ) * 34 1,106 % 185 59 924 % 274 120 % Adjusted EBITDA per nt ( $ ) See " Non - IFRS measures " for a description of certain Non - IFRS measures used in this Press Release and " Non - IFRS Measures Reconciliation " below . NM = Not Meaningful 145 % 35 % 1 % 5.43 122 % 6.03 1,126 1,354 595 439 ( 0.27 ) NM ( 0.18 ) 703 1,197 Change 85 % 2,335 % NM NM 54 45 NM 60 % 13 % 1,002 % 876 %