US coal producers offer EU mills fixed contracts

Dec 16, 2013 | 10:01 AM | Michelle Madsen

Tags  Alpha Natural Resources, coking coal, coal contracts, long-term contracts, fixed pricing terms, Michelle Madsen

LONDON — Major U.S. coking coal producers are offering European mills fixed annual price terms for 2014 in a bid to secure profit margins, sources told AMM sister publication Steel First.

Pressured by low seaborne coking coal prices, producers such as Bristol, Va.-based Alpha Natural Resources Inc. have offered fixed prices to customers for 2014 in a move away from the shorter-term pricing model being adopted by many in the market.

"I have been told by two customers that Alpha is looking to make these sales," one European trader said.....

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