Russel Metals carries on business in three segments: metals service centres, energy products, and steel distributors.
After a steep plunge in April after Donald Trump’s “Liberation Day” tariff announcement, the stock has rallied strongly and is currently trading at about the same price it was at the start of 2025.
Income Investor
Management noted that conditions in the first quarter were impacted by the imposition of 25% tariffs on steel and aluminum. That led to a significant increase in metal prices. As of March 31, the price for steel plate and sheet increased by 43% and 37%, respectively, as compared with the price at Dec. 31. The aluminum mid-west price was up 14%..The company is very shareholder friendly, but the tariff uncertainty suggests caution. Hold. - Gordon Pape
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RUS was first recommended here on December 25, 2021