28
Jul
01:00
Peabody lowers sales guidance as quarterly loss widens
Coal supply reductions are occurring and shipment declines are accelerating in several regions of the world. This is due to slower global economic growth, declining steel demand, and weak natural gas prices in the US, says Peabody Energy.
The coal miner believes coal demand in the US will be down by 90-100 million tons this year, and has lowered its 2015 sales guidance by 10m tons, Kallanish learns from its second quarter results statement.
The compan…
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Anonymous
Very good overview of the weekly steel market.
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