No rush. China is trying to reduce steel capacity. This is clearly indicated after their recent leadership meeting. It may take several years for supply/demand to work itself out. The world seems well supplied with met coal.
I wonder how low this will go before Dec 31. There got to be a lot of holders with significant losses. I wonder if it will to $20 per share. I do not own any at this time, but would like to start a position.
Also, I am following TCK. It seems that steel has to have some recovery in the next 2 to 3 years.