$19.13 0.00 (0%)
12/3/2009 4:01 PM

Mechel OAO (ADR) (MTL)

CAPS Rating: 4 out of 5

The Company is a low-cost integrated mining and steel group mining business focused on mining products used in the production of steel, primarily coking coal, iron ore and nickel. It also produce a significant amount of steam coal.

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It's Russia's biggest coal miner and is serving huge market in Russia and abroad. I don't see why it wouldn't double or more when demand starts picking up. Coal prices fallen 50% but the stock is falling 90+ %. One need to be a little patient with this one.

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