U.S. Coal Finds Footing In European Markets
23 July 2017
U.S. responsible for 40 percent of the world’s new gas production by 2022: IEA
A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58 percent from Q1 of 2016 to Q1 of 2017. The majority of the increase was in steam coal, which grew by 6 million short tons (MMst).
Big U.S. coal customer: Europe
The majority of the coal was shipped from ports on the Atlantic Coast and Gulf Coast. The U.S. exported a total of 10.135 million short tons of steam coal during Q1. Steam coal exports were bound largely for European markets—which consumed approximately 50 percent of the U.S.’ total steam coal exports in Q1, 2017.
https://au.finance.yahoo.com/news/u-coal-finds-footing-european-210000848.html
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