Metallurgical Need Drives $3 Billion in U.S. Coal Mining Activity

April 28, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--With all the challenges facing the U.S. coal-production industry, one area of the market is looking brighter: metallurgical coal, which is used in the production of steel. Prices for metallurgical coal recently have outperformed those of thermal coal, which is used for power generation, amid demand from the construction sector. Industrial Info's researchers believe more than $3 billion worth of active coal-production projects across the U.S. have started construction, or have a medium-to-high likelihood (70% or more) of beginning construction as planned; the bulk of this investment is toward mines that produce metallurgical coal. Companies with active projects include American Metals & Coal International Incorporated, RAMACO Resources Incorporated, Bens Creek Group, Warrior Met Coal Limited Liability Company (NYSE:HCC) and Senergy Holding