Mechel OAO (ADR) (NYSE: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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Player Avatar Ellas77 (< 20) Submitted: 2/26/2010 7:08:58 PM : Outperform Start Price: $22.08 MTL Score: -93.66

Steel prices go up, MTL goes up.
Car production must increase, due to 2 million cars being thrown out per year in U.S. alone. Steel is also on an upward path, back to 2008 highs, so this stock should hit 50 within the year.

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