Not exact matches
A housing and construction rebound has boosted industries including steel and
coal, and while many
sectors continue to
struggle with overproduction, domestic demand has held up reasonably well, with trade data on Thursday showing a surprising improvement in imports.
Beijing has
struggled to make local governments and industries comply with laws and has long been criticized for relying on national campaigns to bring industrial
sectors like
coal, steel or rare earth to heel.
In addition, that reset will force
coal miners to competitively bid for new mines which will only raise fuel prices for an already financially
struggling sector.
Repealing federal regulations that the new administration claims has restricted
coal production does not change the fact that demand for
coal in the power
sector will continue to
struggle in the face of other competitive pressures.
In the latest sign of
struggles for the
coal industry, the world's largest private -
sector coal company announced plans to eliminate 250 corporate and regional positions across the United States.