Spanish Materials Potentially Undervalued Companies

Vidrala

Market Cap: €2.8b

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

Usinas Siderúrgicas de Minas Gerais

Market Cap: €9.4b

Operates in the steel industry and related activities in Brazil and internationally.

Tubacex

Market Cap: €401.2m

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

Plásticos Compuestos

Market Cap: €8.9m

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.

Aperam

Market Cap: €2.9b

Produces and sells stainless steel and alloy products worldwide.

ArcelorMittal

Market Cap: €39.6b

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

Inmocemento

Market Cap: €1.7b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Asturiana de Laminados

Market Cap: €13.1m

Asturiana De Laminados S.A., trading as elZinc, develops and manufactures rolled zinc strips in Spain and internationally.

ENCE Energía y Celulosa

Market Cap: €552.8m

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

Volcan Compañía MineraA

Market Cap: €4.4b

Explores for and operates mining concessions in Peru, Europe, Asia, and the United States.

Minerales y Productos Derivados

Market Cap: €3.9m

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

Ercros

Market Cap: €311.8m

Manufactures and sells chemical and pharmaceutical products in Spain and internationally.

Acerinox

Market Cap: €3.3b

Manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally.