Today, I am going to initiate a buy recommendation on Union Steel Holdings Limited. I have recently entered into this company at a price of $0.105 for 9 lots, due to limited free cash. I like to put my money where my mouth is, and leave it for you to decide whether you want to enter this company. The current price is $0.108. In my opinion, Union Steel Holdings is an extremely cheap stock right now at its TTM P/E of 6 and P/B of 0.5055 for its most recent quarter according to Bloomberg. Union Steel Holdings is engaged in the business of recycling of ferrous and non-ferrous scrap metal, trading of steel products, and non-ferrous metal products, rental of sheet piles, steel plates and beams, leasing of industrial properties as well as provision of scaffolding services and related consultancy services, supply of scaffolding materials and skilled ......