US met coal miners expect supply cuts as low prices weigh on balance sheets
By Taylor Kuykendall May 15, 2025, S&P Global
High cost producers likely to drop out
Met coal miners cutting expenses
Large US coal miners are reining in costs and expect peers unable to reduce expenses to get pushed out of the market as the industry awaits a reversal of the currently weak metallurgical coal market.
Low steel demand, exacerbated by recent uncertainty around global trade policy, weighed heavily on the companies that dig up metallurgical-grade coal. Platts, part of S&P Global Commodity Insights, assessed the High Vol A Coking Coal FOB US East Coast benchmark price at $172/mt on May 14, down 42.7% from the two-year high of $300/mt in October 2023. Click here for the full article as published by S&P Global
