US coal miners rally, eye exports on Australia floods

Mining Weekly.com reports that shares in US coal companies rose yesterday, driven by supply concerns caused by the recent floods in Australia.

The editorial  is quoted as saying:

Steelmakers globally are feeling the effect and are bidding up prices for U.S. exports of high-grade coal that is a key ingredient for producing steel. U.S. metallurgical coal is among the world’s best, analysts said

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