Outlook: US coking coal faces another tough year

摘要

US coking coal producers are likely to confront ongoing pressures in 2015, with global prices near multi-year lows, oversupply slow to correct and steelmaking growth – particularly in China – weakening. The US dollar is strengthening in the wake of the Federal Reserve’s decision to end its bond-buying program, making US coal exports less competitive. That trend will continue and may accelerate when the Fed starts raising interest rates.