TX Rail Products Inc (TXRP)

[greasemonkeyshoes]

tailwind.......
for the Appalachian coking coal miners.
"HB 3144, also known as the North Central Appalachian Coal Severance Tax Rebate Act, creates a 35% investment tax credit for the coal industry in a form of a tax rebate that would offset up to 80 percent of the coal company's coal severance tax liability."
https://www.loganbanner.com/opinion/editorial-impact-of-coal-related-tax-breaks-starts-to-emerge/article_ec371709-d91f-5b1c-8a59-fc80c4dcb23a.html

"The company(Arch Coal) plans to sell the output from the Leer South complex principally into the 300-million-metric-ton-per-year seaborne coking coal market. Steel market consultants expect solid demand growth for seaborne coking coal over the next 10 years, driven by substantial steel sector growth in India and other rapidly emerging Asian economies. At the same time, we believe that global coking coal markets remain under-supplied following years of under-investment, with few large-scale projects – particularly in high-quality coking coal reserves – contemplated in coming years. Premium High-Vol A coals, such as those produced at the Leer complex, face a particularly tight supply outlook. With average seaborne coking coal demand growth projected at 1.5 percent per year, and assuming a modest annual depletion rate of 2 percent at existing mines, seaborne coking coal markets will require the installation of 10 million tons of new mine capacity annually, or a total of more than 75 million tons between now and 2025."
https://www.prnewswire.com/news-releases/arch-coal-commences-development-work-on-a-new-world-class-coking-coal-mine-in-northern-west-virginia-300795437.html