Is There Anymore Spark in the Coal Industry
The natural gas revolution has wreaked havoc on the thermal coal industry, and now, metallurgical coal, or coke coal, is starting to experience significant headwinds from European debt worries and slowing growth in emerging economies. Coke coal is down close to 30% over the past few months, as global steal demand has declined, greatly disrupting a coal industry desperately needing coke coal to help float the extremely depressed thermal coal market.
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The article Is There Anymore Spark in the Coal Industry originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. Joel South has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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