Alpha slashes low-grade met coal output
Sep 11, 2012 | 04:08 PM
| Stacy Irish
Tags
Alpha Natural Resources,
metallurgical coal,
Paul Vining,
coal production,
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, Alpha’s 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.....
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