Metallurgical Coal to Stay Cheap for Years, Moody’s Says
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Additional global supply of metallurgical coal will keep the price of the steelmaking raw material close to current low levels for the next few years, Moody’s Investors Service said.
Most U.S. production is unprofitable at current prices while as much as half of global output is making a loss, Anna Zubets-Anderson, a Moody’s analyst in New York, said today in a statement from the ratings company.