RE: would this appreciate in short term Key is off take agreement - AHMSA has just increased crude steel production by 40% - they just signed an MOH with Volestapline to purchase DRI from the proposed new facility in Corpus Christi - Mexican market demand for steel is booming. AHSMA facility is located in Monclovia Mexico - close to the Texas border.
AHMSA just refurvised its coke batteries - Hope the new management team is trying to secure offtake agreement - sell from storage facility in the port of Corpus Christi -
If they can secure sales agreement - major met coal producers are not planning expansion - unlike iron ore - price should recover and S/P.