Spanish Materials Potentially Undervalued Companies

Bradespar

Market Cap: €6.1b

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

Tubacex

Market Cap: €444.6m

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

Plásticos Compuestos

Market Cap: €12.0m

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: €1.9b

Produces and sells stainless steel and alloy products worldwide.

ArcelorMittal

Market Cap: €22.1b

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

Inmocemento

Market Cap: €1.6b

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

Vale

Market Cap: €228.0b

Produces iron ore and nickel in Asia, the Americas, Europe, and internationally.

Vidrala

Market Cap: €3.2b

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: €1.3b

Explores for and operates mining concessions in Peru.

Usinas Siderúrgicas de Minas Gerais

Market Cap: €5.1b

Processes, manufactures, and markets flat steel products in Brazil and internationally.

Minerales y Productos Derivados

Market Cap: €3.9m

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

Ercros

Market Cap: €262.4m

Manufactures and sells basic chemicals, intermediate chemicals, and pharmaceuticals in Spain.

Cementos Molins

Market Cap: €1.9b

Manufactures and markets materials and solutions for construction.

Acerinox

Market Cap: €2.7b

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