(AMM) Metallurgical coal miners share bullish outlook for '10

PITTSBURGH 29 January 2010 21:34

Metallurgical coal miners are bullish in their outlooks, citing improved pricing, shipments and export opportunities that are expected to continue throughout the year.

St. Louis-based Arch Coal Inc. said that renewed strength from global steelmakers is now pulling high-quality steam coal into met coal markets. It also is encouraged by shifts in coal supply patterns resulting from China becoming a net importer of coal. "This shift in global coal supply patterns should create demand pull for U.S. metallurgical and steam coal into the Atlantic and Pacific markets in 2010," the company said, and it expects U.S. exports to increase by at least 10 million tons this year. ...

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(AMM) Metallurgical coal miners share bullish outlook for '10

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