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CNBC News reported that Peabody Energy’s (NYSE:BTU) earnings fell in first quarter due to lower demand for coal.
CNBC News reported that Peabody Energy’s (NYSE:BTU) earnings fell in first quarter due to lower demand for coal.
As quoted in the market news:
Peabody and other coal companies face challenges from slowing growth in China, the world’s second-biggest economy and a huge importer of coal. But Boyce said China’s steel production rebounded last month and the country’s coal imports are at a record level.
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