Bleak quarters ahead for US coal producers as industry contract faster than expected

June 2, 2016

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Analysts of the Fitch Group-affiliated company BMI Research has revised down its US coal production contraction forecast for 2016, from 12% to 20%, citing output declining at an accelerating pace.
The firm now forecast US coal output to fall from 562-million tons in 2016, to 589-million tonnes by 2020, averaging a yearly decline of 6%.

Category: General