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US metallurgical coal prices jump as hurricane disrupts exports

Coal News - Published on Fri, 14 Sep 2018

Image Source: SteelGuru
Seeking Alpha reported that prices for coal used to create steelmaking coke have surged 15% since the start of August and are enjoying a sizeable gain this week, as Hurricane Florence has shut down three major coal export facilities in and near the Norfolk, Va., area that handle more than half of all US coal exports. Seaport Global analyst Mark Levin said “Anything that can make a tight market any tighter is something that people watch.”

The three major coal export facilities in and near Norfolk are the Lamberts Point Coal Terminal, operated by Norfolk Southern; Kinder Morgan's facility; and a terminal operated by Dominion Terminal Associates, whose owners include ArchCoal.

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Posted By : Rabi Wangkhem on Fri, 14 Sep 2018
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