Coal mart growing cautious: Teck exec
Oct 27, 2011 | 04:04 PM
| Lisa Gordon, Chris Prentice
Tags
Teck Resources,
copper sales,
coal sales,
zinc sales,
lead sales,
molybdenum sales,
Chris Prentice
PITTSBURGH — Caution is gripping the metallurgical coal market, with prices heading south as steelmakers cut back inventories on reduced production schedules and concerns about a general economic malaise that’s settling into the market, according to one industry executive.
"A number of steelmakers are reducing their production (and) their inventories. The global uncertainty has led people to be cautious. We are also seeing quarterly prices head down and shipments deferred from fourth quarter to first quarter," Ian C. Kilgour, Teck Resources Ltd.’s senior vice president of coal, told analysts during an earnings conference call.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here