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BRIEF-Arch Coal Inc Sees Indications That U.S. Coking Coal Mine Costs Are Shifting Higher

Published 06/08/2019, 10:28 pm
Updated 06/08/2019, 10:30 pm
© Reuters.  BRIEF-Arch Coal Inc Sees Indications That U.S. Coking Coal Mine Costs Are Shifting Higher

Aug 6 (Reuters) - Arch Coal Inc ARCH.N :

* ARCH COAL INC - WE SEE INDICATIONS THAT U.S. COKING COAL MINE COSTS ARE SHIFTING HIGHER - PRESENTATION

* ARCH COAL - EXPECT CHINA TO CONTINUE TO IMPORT SIGNIFICANT VOLUMES OF SEABORNE COKING COAL, EVEN IF CHINESE HOT METAL PRODUCTION IS REACHING A PEAK

* ARCH COAL - AUSTRALIAN COKING COAL EXPORTS REMAIN MUTED DESPITE CONTINUED STRENGTH IN COKING COAL PRICES

* ARCH COAL - WHILE U.S. COKING COAL OUTPUT BOUNCED IN Q2, WE EXPECT CONTINUED DOWNWARD PRESSURE ON SUPPLY, ESPECIALLY GIVEN RECENT PULLBACK IN PRICING

* ARCH COAL - PROJECT THAT 76 MILLION TONS OF GLOBAL COKING COAL CAPACITY MUST BE ADDED BY 2025 TO MEET GROWING SEABORNE DEMAND

* ARCH COAL - CAPITAL SPENDING AT AUSTRALIAN COKING COAL MINES REMAINS MUTED

* ARCH COAL - INDIA IS ON TRACK TO BECOME THE WORLD'S LARGEST IMPORTER OF COKING COAL IN THE NEAR FUTURE

* ARCH COAL - GLOBAL STEEL DEMAND CONTINUES TO SURPRISE TO THE UPSIDE

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