The U.S. July **** coal market posted a modest upward movement with steam coal prices increasing *.** month to month. Market sentiment became moderately bullish as the convergence of supply limitations and robust demand generated conducive conditions for price expansion.
On the supply side, production disruptions at some major mines, including Core Natural Resources&#**; partial idling of its Itmann mine and extended outage at Leer South, drained merchant market availability. The effect was exacerbated by a *** year-over-year decline in Q* coking coal sales, highlighting the pressure on supply even as annual output guidance was unchanged.
On the demand side, record-breaking heat at the end of July prompted historic electricity peaks that pushed the use in the power market up, as consistent domestic steel output maintained metallurgical coal demand.
July manufacturing and supply dynamics registered a clear...
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