Atlantic coking coal demand hit by latest ArcelorMittal, Europe steel cuts

摘要

St. Louis—Atlantic met coal and met coke markets are facing potentially lower spot activity from a further weakening in European steel demand. ArcelorMittal said Wednesday it would widen steel output cuts into Northwest Europe in response to market conditions. That, and British Steel’s insolvency, is bruising sentiment on US met coal sales. With ArcelorMittal buying US coal last year for both US and Atlantic-based operations, and Europe a major US met coal market along with Brazil, India, Japan and South Korea, any uncertainty around demand from the world’s biggest steelmaker may add to complications and delay.