Coking coal price cuts

Coal Investing News reports metallurgical coal is facing price cuts while thermal coal is facing a positive outlook.

As demand for steel exploded in developing nations like China earlier this year, the price of metallurgical coal tripled to over $300 per tonne, said Jim Thompson, Editor of Coal & Energy Price Report.  “Prices had gone to the moon, to record levels, before the financial meltdown,” he said.

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