Sentences with phrase «metallurgical coal prices»

Not exact matches

The company, one of the largest metallurgical coal producers in the U.S., had nearly as much in debt as it had assets and, thanks to plummeting prices, its balance sheet was simply under too much pressure.

Eric Green, a portfolio manager at PENN Capital Management, suggests owning a mix of metallurgical and thermal coal producers in order to benefit from both prices rising.

But another type of coal, metallurgical or coking coal, also saw prices fall by about 50 % last year.

The biggest issue lately for Natural Resource Partners has been volatile metallurgical - coal prices.

At one point this year, global prices for metallurgical coal (used to make steel) tripled, while prices for thermal coal (used to generate electricity) doubled.

«It's really a tale of two markets,» he said, noting that as U.S. thermal coal prices soften, demand for high - grade metallurgical coal and some thermal coal has helped prop up U.S. coal mining activity in traditional high - volume regions like Appalachia and the Powder River Basin.

Exports of metallurgical coal — used in steelmaking — accounted for 65 % of coal exports in the fourth quarter of 2011: 18.0 million short tons with an average price of $ 181.41.

The price of metallurgical coal has fallen 75 percent since the deal, and Peabody was forced to take a $ 700 million writedown on its Australian metallurgical coal assets last year.

«Industry pressures in recent years include a dramatic drop in the price of metallurgical coal, weakness in the Chinese economy, overproduction of domestic shale gas and ongoing regulatory challenges,» it said.

And Trump couldn't influence the global commodities markets to boost prices for metallurgical coal or drive up worldwide steel demand.

Prices for metallurgical coal, the type used in steelmaking, have plunged in the last year as industrial activity softens in China and other emerging markets.