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mtl will do an IPO on the German market- they are spinning off some of their coal assets.
MTL is an integrated steel company, they mine iron ore also. They are very close to the rail lines and are close to China and is easily able to ship steel and iron ore to China.
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guliamo
Feb 13 at 12:03 ET
sounds like an interesting play on raw materials.. definitely adding this one to my radar. Tnx verushka.
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verushka1
Feb 14 at 8:50 ET
I can't tell you what a good entry point is. I may have bought it too high. We'll see what the day brings.
This might be a good ltbh. Today they received certification to sell their railroad axles in Europe and they are certified also to the US standards and already sell these axles in the US. Their market is expanding.
Additionally, they have, coal.,iron ore and zinc besides manufacturing steel.