Spanish Materials Potentially Undervalued Companies

Vale

Market Cap: €229.1b

Produces and sells iron ore, iron ore pellets, nickel, and copper in Brazil and internationally.

Acerinox

Market Cap: €2.4b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

Plásticos Compuestos

Market Cap: €11.9m

Engages in the design, production, and marketing of mineral fillers, and color concentrates and additives for the plastics processing industry in Spain, Germany, France, and internationally.

ArcelorMittal

Market Cap: €18.2b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

Inmocemento

Market Cap: €1.3b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Vidrala

Market Cap: €3.1b

Manufactures and sells glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Volcan Compañía MineraA

Market Cap: €1.1b

Explores for and operates mining concessions in Peru.

Tubacex

Market Cap: €422.3m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Aperam

Market Cap: €1.9b

Produces and sells stainless steel and alloy products worldwide.

Minerales y Productos Derivados

Market Cap: €3.9m

Produces, sells, and markets minerals and chemical products in Spain.

ENCE Energía y Celulosa

Market Cap: €711.5m

Produces and sells eucalyptus hardwood pulp and renewable energy in Spain, Germany, Poland, Italy, the Netherlands, the United Kingdom, Greece, Turkey, and internationally.

Usinas Siderúrgicas de Minas Gerais

Market Cap: €6.6b

Manufactures and markets flat steel products in Brazil and internationally.

Bradespar

Market Cap: €6.7b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.