22
Oct
14:39
Arch Coal margins shrink
Metallurgical and thermal coal supplier Arch Coal Inc saw its coking coal margins shrink both on-quarter and on-year during Q3, Kallanish learns from the company’s quarterly earnings review.
Arch’s metallurgical coal margin fell to $34/short ton in Q3 from $53.80/st in Q2 and $42.21/st in Q3 2018.
The company as a whole earnings $106.8 million on sales of $619.5m in Q3, down from $123.2m on sales of $633.2m in Q3 2018.
“Our core metallurg…
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Anonymous
Very good overview of the weekly steel market.
Anonymous