Home » Program Guides » Company Information - Canada

Canadian Steel Industry Mid 1960s

Financial Picture of the Big Four Canadian Steel Companies in the 1960s
(1963 - 1965)

Given that the Canadian steel industry is changing dramatically, we thought we would provide these data from 40 years ago. This table was taken from Canadian Business and it was from an article that was one of three examining the Canadian steel industry. See: "Steel Fights Back," Oct. 1966; "The Role of the Big Four," Nov. 1966 (from which this table was taken) and "The Future of Steel," Dec. 1966. All three articles are by N.K. Dhalla.

(Dosco = Dominion Steel and Coal Corporation)

 

Year Stelco Algoma Dofasco Dosco
 
($000)
($000)
($000)
($000)
Sales        
1963 370,989 203,724 177,314 142,453
1964 477,823 225,049 229,194 157,092
1965 516,406 241,910 268,347 174,621
Net Profit After Taxes        
1963 37,095 25,870 19,741 3,317
1964 43,630 27,596 23,457 3,736
1965 43,454 30,804 25,609 4,308
Long-Term Debt        
1963 22,250 28,655 35,136 6,679
1964 31,082 26,921 55,953 20,949
1965 78,480 23,845 52,444 39,167
Net Worth        
1963 326,437 178,790 135,272 101,577
1964 388,578 197,307 152,100 104,129
1965 410,503 205,613 192,903 107,253
Cash Flow        
1963 71,115 45,100 35,862 11,928
1964 99,131 55,000 50,228 12,014
1965 106,001 55,600 59,217 10,699
Capital Expenditures        
1963 52,236 31,545 25,889 9,337
1964 109,306 37,504 53,660 20,688
1965 75,540 25,200 44,821 20,199

Percentages


Stelco Algoma Dofasco Dosco
Net Profits as % of Sales        
1963 10.0 12.7 11.1 2.3
1964 9.1 12.3 10.2 2.4
1965 8.4 12.7 9.5 2.5
Net Profits as % of Net Worth        
1963 11.4 14.5 14.6 3.3
1964 11.2 14.0 15.4 3.6
1965 10.6 15.0 13.3 4.0
Cash Flow as % of Sales        
1963 19.2 22.1 20.2 8.4
1964 20.7 24.4 21.9 7.6
1965 20.5 23.0 22.1 6.1

Source: Canadian Business, Vol. 39, No. 11, Nov. 1966 p.61