-
Russel Metals Inc. (RUS $44.85)
-
Champion Iron Limited Ordinary Shares (CIA $6.05)
-
Algoma Steel Group Inc. (ASTL $5.92)
-
Life360 Inc. (LIF $64.80)
Q: There is no urgency to this request. What are my options to purchase Canadian producers of iron ore and steel? I may buy a partial in LIF but I am more interested in growth than income. I have recently taken a small position in RIO.
Thank you,
Mike
Thank you,
Mike
5i Research Answer:
There are not really a lot of Canadian options. ASTL is a steel option, but it is really struggling due to tariffs. CIA is a large cap iron ore option at 16X earnings. RUS is an option for distributed steel (it does not produce steel). FEO is a small cap non-producer with several iron ore development properties.