27
Apr
17:04
Arch benefits from coking coal margin expansion
US coal supplier Arch Coal reaped a profit of $60 million in the first quarter, largely due to margin expansion in its metallurgical coal segment, Kallanish reports.
Arch’s sales in the quarter reached $575.3m. In Q1 2017, the compared earned $51.7m on sales of $460.45m.
Arch sold 1.8m tonnes of coking coal during the quarter at an average cost of $131.90/st. Factoring in costs yields a cash margin of $47.64/st, or about 36%.
“During the first …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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