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Overheard: Digging for Answers on Coal

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China's steel making industry and the coal mining industry of the Appalachian region in the U.S.

09/27/2012

Between 2004-2011 China's steel making industry expanded rapidly leading to huge demand for metallurgical coal from the Appalachian region. In 2012 prices have dropped about 50% to $170 a ton for met coal, leading to layoffs and closing of mining operations. Patriot Coal of St. Louis filed for bankruptcy protection in 2012.

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