I just emailed American Steel Industries and confirmed the 90 million dollar coal contract for myself. Everything is verifiable, check for yourself. Here is the response
Blake,
Good afternoon.
We did sign a contract with NCRI for 500,000 MT of coal for 2017. If they can in fact deliver (to be seen), we would extend for another 10 years if NCRI would be interested.
From 1980-2003, ASI was one of the largest exporters of steel from the CIS (Eastern Europe, Ukraine,Russia, etc.). After dumping suits were filed, we turned to China. We are presently one of the largest exporters of steel from China and have been exporting for the past 12 years.
We have many joint venture partners in China, most of which are owned by the Chinese Government. The latter is how most business is done in China. Most mills do not export or import directly.
Our JV partners (representing mills) are now asking us for raw materials for export to China (i.e. Iron Ore, Coal, Pellets, Copper ore, Zinc, etc.)
Anyway, the latter business is our area of concentration at the moment. We hope NCRI delivers.
Thank you.
Sincerely,
Barry D. Bernsten
Managing Partner
American Steel Industries, LLC
309C S. 2nd Street
Philadelphia, Pennsylvania 19106
USA
Sales/Purchasing/Trading
Ph: 1 (215) 917-1700
Fax:1 (215) 893-5282
Email: BBASILLC@aol.com
Sent from my iPhone
Barry D. Bernsten
Ph: 1-215-917-1700
Fax: 1-215-893-5282