Alpha slashes low-grade met coal output
Sep 11, 2012 | 04:08 PM
| Stacy Irish
NEW YORK Alpha Natural Resources Inc. has cut back output of lower-quality metallurgical coal due to a slowdown in buying activity in Europe, president Paul Vining told AMM sister publication Steel First.
The economic crisis in Europe, Alphas primary market, has forced steel mills to cut output due to weak demand, which has slowed metallurgical coal sales to the region.
Year-to-date steel output in Europe is down about 4 percent from 2011, Bristol, Va.-based Alpha said in an Aug. 8 filing with the U.S. Securities and Exchange Commission.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.