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Mechel Slump Signal to Buy for Veles on Demand: Russia Overnight

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - December 11, 06:05PM from (www.bloomberg.com)

OAO Mechel (MTL)’s 24 percent decline this year is prompting Veles Capital to recommend buying Russia’s biggest producer of steelmaking coal on prospects recovering demand and a stronger ruble will boost earnings.
American depositary receipts of Moscow-based Mechel (MTLR), which pared a drop of as m...


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