01
Sep
01:00
Corsa Coal sees tough market as net positive for coal
Corsa Coal of Toronto, Canada, believes tough financial conditions for metallurgical coal producers will weed out excess supply and ultimately benefit the market, the company said Tuesday in its second-quarter earnings statement.
“With metallurgical coal prices at 11 year lows, financial distress has overtaken many domestic producers,” Corsa said, noting that its average realised metallurgical coal price was $78.07/short ton. “We estimate t…
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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