01
Jul
01:00
Lower coal pricing, weather issues impact Peabody Coal
Lower seaborne coal pricing and weather-related shipment issues will impact Peabody Energy’s second quarter performance, the company warns.
Lower pricing of Australian metallurgical coal took a roughly $20 million hit on the company in Q2, Kallanish understands. Half of this was related to spot coal sales and half was related to reduced coal inventory valuation due to benchmark third quarter settlements. Peabody notes that spot met coal prices declined…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous