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  • 5 times EV/EBITDA, Mechel looks expensive compared to Arcelor Mittal, which trades at 2014 5 times EV/EBITDA. AK Steel is selling for even higher multiples but the company is an extremely leveraged play into the American steel industry ??? which is recovering thanks to the housing recovery.In the past, great investors such as George Soros have been among Mechel's investors but they are not buying
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