When thinking Basic Materials stocks, and at the sub sector level - Steel & Iron - the biggest name in the group? Companhia Vale do Rio Doce (RIO), a Brazilian $100 billion cap name. After yesterdays broad sell off, the steel names are bouncing back sharply. What is interesting to note about RIO - it's doubled in about 6 months - adding $50 billion in cap in a short period of time. They are a direct beneficiary of money flowing into Latin America and other emerging markets. Here are the leaders by market cap in this segment:
COMPANHIA VALE ADS [RIO] $106.1 B
RIO TINTO PLC ADS [RTP] $94.4 B
ARCELOR MITTAL [MT] $81.5 B
POSCO [PKX] $37.0 B
TENARIS S.A ADS [TS] $27.8 B
NUCOR CP [NUE] $19.5 B
GERDAU SA ADS [GGB] $14.5 B
COMPANHIA SIDER ADS [SID] $12.9 B
IPSCO INC [IPS] $7.4 B
TERNIUM S.A. ADS [TX] $5.3 B
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