US Met Coal Margin Comparisons
August 16, 2023
US metallurgical producers comparison of costs and profit margins to get a sense of their inherent competitive advantages.
Author: The Coal Trader
Coal News & Price Data – August 16, 2023 – Chinese Steel Production up 12% in July
August 16, 2023
China’s crude steel production surged by 11.5% year-on-year to 90.80 million metric tons (mt) in July
US Coal Outlook
August 15, 2023
July’s high summer temperatures and heatwaves in many parts of the country led to increased thermal coal burn.
Coal News & Price Data – August 15, 2023 – More on US Steel M&A
August 15, 2023
The combo of Cleveland-Cliffs & US Steel would result in the largest steel producer in the US & a monopoly on iron ore production in the USA.
Thoughts on US Steel & Cleveland Cliffs News
August 14, 2023
The news dropped Sunday night that Cleveland Cliffs (CLF) has offered a cash and stock bid worth $7.3B for US Steel (X).
Corsa Coal Wins Damages from PennDOT
August 14, 2023
After accounting for contingent legal fees, Corsa anticipates receiving net proceeds of $23.3 million from PennDot.
Coal News & Price Data – August 14, 2023 – US Steel Rejects $7.3B Bid from Cleveland Cliffs
August 14, 2023
Cleveland-Cliffs made an offer to acquire US Steel, valuing each share at $32.53, a 43% premium over US Steel’s last closing price.
Coal News & Price Data – August 11, 2023 – Strike at S32’s Appin Mine
August 11, 2023
South32 said it’ll halt some Appin Mine operations, which is part of Illawarra Metallurgical Coal, due to a strike of mining supervisors.
Coal News & Price Data – August 10, 2023 – Potential Strike Causes LNG Jitters
August 10, 2023
European natural gas prices experienced the largest jump since March of the previous year due to concerns over potential supply disruptions.
Coal News & Price Data – August 9, 2023 – Ramaco & Corsa Earnings Summaries
August 9, 2023
Demand for Asian thermal coal remains. Miners are offering limited spot cargo due to high production costs and royalties.
Warrior Debt Tender Offer – Quick Thoughts
August 9, 2023
After the close today, Warrior Met announced a tender offer for its 7.875% senior secure notes due in 2028: