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  5. RUS: Peter; Having owned RUS for multi years I am reluctant to sell - huge cap. [Russel Metals Inc.]
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Q: Peter; Having owned RUS for multi years I am reluctant to sell - huge cap. gain. But the Trumpaffoon’s jump to 50% is a little unnerving . Will this damage RUS’s earning badly - sit it out ? Thanks,
Rod
Asked by Rodney on June 02, 2025
5i Research Answer:

RUS does not actually make steel, but fabricates products from it. So its cost basis is unlikely to change from tariffs on Canadian steel. However, it does have $1.7B in US sales, and some of this could certainly see some impact overall. But, as the TACO acronym states, we doubt this new tariff level is going to stick. We would not view RUS as a sell just on this news alone.