Arch Coal Inc Sees Indications That U.S. Coking Coal Mine Costs Are Shifting Higher
August 7, 2019 - Arch Coal Inc sees indications that U.S. coking coal mine costs are shifting higher. While U.S. coking coal output bounced in Q2, the continued downward pressure on supply is expected, especially given recent pullback in pricing.
Indications that U.S. coking coal mine costs are shifting higher.
Expect china to continue to import significant volumes of seaborne coking coal, even if Chinese hot metal production is reaching a peak.
Australian coking coal exports remain muted despite continued strength in coking coal prices.
While U.S. coking coal output bounced in Q2, expect continued downward pressure on supply, especially given recent pullback in pricing.
Project that 76 million tons of global coking coal capacity must be added by 2025 to meet growing seaborne demand
Capital spending at Australian coking coal mines remains muted.
India is on track to become the world's largest importer of coking coal in the near future.
Global steel demand continues to surprise to the upside.