Share tips: A cheap steel producer for the brave

This seriously undervalued mining giant could throw some up exciting profits. A buy for the brave, says Paul Hill.

With extreme pessimism surrounding the eurozone, it is easy to forget that the world's largest economy is ticking along nicely. US employment and GDP are both improving, and steel prices are up more than 20% since October, thanks to robust demand from the automotive, oil-drilling and agricultural sectors. That's good news for Evraz, Russia's largest, and the world's 15th-largest, steel-producer by volume. The firm listed in London at £3.20 a share in November, putting it into the FTSE 100 with a market capitalisation of £4.3bn.

Evraz gets 42% of its revenues from the former Soviet Union. It also has interests in North America (17%), Asia (29%), Europe (9%) and Africa (3%). It enjoys a leading position in manufacturing railway tracks, and intends to boost its capacity in the US by 10% to 15% this year.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.