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Two Emerging Market Steel Plays: Mechel and Siderurgica

Great job.I agree with Richard Schweitzer..the split stock /huge reserves etc.The synergies in MTL are phenomenal...coking coal/steam coal/coal/iron ore and downstream ..rail system contract..they also own a port for shipping I believe.But my judgement is really based on their management aggressiveness.I have not seen quite this degree of expansion in such a short timeframe..issuing of preferred stock etc and planned sale of part of the co on the frankfurt stock exchange together with all the other production based expansion.I like peaks and troughs to make extra money but MTL is for long term as well even in a global downturn.I will surmise that political support is present as Russia needs to try to regain its status as a world superpower and through capitalism this time around.