Arch Coal reduces met coal sales forecast on weak mart

Apr 22, 2014 | 12:40 PM | Thorsten Schier

Tags  Arch Coal, metallurgical coal, sales forecast, earnings report, Thorsten Schier

NEW YORK — Arch Coal Inc. is reducing its forecast for metallurgical coal sales in 2014 on a weaker market outlook.

"Arch currently expects the global metallurgical coal market to remain soft in 2014, even as global steel production is projected to grow," the St. Louis-based company said in its first-quarter earnings statement. "However, recent and ongoing closures of....

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