<< Read Full Article

Fitch Ratings Says Coal Miners Have Stable Outlook

Stock quotes in this article: ACI , BTU , FCL , JRCC , MEE  

SANDY SHORE

DENVER (AP) — The nation's coal industry should remain stable despite weaker demand because of cost-cutting measures to conserve cash, according to a Fitch Ratings report released late Thursday.

Producers also are faced with lower natural gas prices, and diminished demand for electricity and metallurgical coal used in strengthening steel, said the report, "Coal Producers Update: High Inventories, Low Gas Prices, Production Cuts."

Another factor weighing on the industry is ongoing concerns about carbon emissions, Fitch Ratings Director Monica M. Bonar said. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,471.50 1,106.41 2,190.31 35.40
Oil *
71.66
UP
65.67
UP
4.06
DOWN
0.55
UP
0.58
10 Yr
3.54%
SPDR Gold
109.32
+0.63%
+0.37%
-0.03%
+1.67%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services