Target $18.72, page-9348

Interesting posts.
The real situation is that HCC is in a delicate supply demand non-balance. That is their is a supply shortage. In addition there is not a lot of HCC in the World. QLD is the top HCC seaborne supplier. Anglo is number 3 seaborne supplier. Grosvenor is 17% of Anglo supply. All from various sources.
So 3 to 4 Mt taken away represents a huge supply imbalance. US$400 is a real possibility.
Worse if Grosvenor was deleted as a Resource then it is a critical long term supply imbalance.

So HCC price will rise until the situation is resolved.
SSCC will rise in proportion.
PCI: every tonne of PCI injected into blast furnace reduces HCC usage by 0.8 tonne. So PCI will rise.
Thermal: Marginal PCI will move into the PCI market reducing thermal supply slightly. So thermal will stabilize or rise a little.
All in my opinion.