The Globe and Mail reports in its Thursday, March 14, edition that Stifel analyst Ian Gillies says this could be an opportunistic time to buy shares in Stelco Holdings. The Globe's Darcy Keith writes in the Eye On Equities column that this is because Cleveland Cliffs and Nucor last week announced a hot-rolled coil (HRC) price hike to a minimum $840/ton, which the analyst believes could kick off another cycle of price hikes by large steel producers (all figures U.S. unless otherwise stated). Mr. Gillies says in a note: "Recall, the last series of price hikes started on Sept. 27, 2023, following the conclusion of UAW strike and lasted until Jan. 5, 2024, with minimum prices being lifted all the way to $1,150/ton. HRC prices followed suit and rebounded from $672 a ton to nearly $1,100/ton. In our view, to position for a Torquey play in the event of multiple price hikes and rapid HRC price increase, Stelco remains the best stock." Mr. Gillies boosted his share target to $52 (Canadian) from $50 (Canadian). "We continue to view the steel space favourably as M&A remains a topic du jour, in combination with strong fundamentals and attractive valuations for Canadian listed companies."