Coal Exports Seen as Likely to Rise in 2022

Coal exports for steelmaking are expected to be strong in 2022, Trains magazine reported this past week in an analysis posted on its website.

Steel makers use metallurgical coal and the U.S. Energy Information Administration projects that export demand for that coal will increase 16 percent this year with the leading buyers being located in Brazil, India and China.

Exports to China were up sharply last year, which accounted for an estimated 26 percent of the 87 million short tons of export coal. Of that 47 million short tons was metallurgical coal.

EIA forecasts predict U.S. coal exports this year will be 50 million short tons this year and potentially 55 million short tons in 2023.

Most export metallurgical coal is hauled by CSX and Norfolk Southern through ports in the Virginia Tidewater region.

For more information, see https://www.trains.com/trn/news-reviews/news-wire/overseas-demand-for-metallurgical-coal-likely-to-bolster-u-s-coal-carloadings-in-2022-analysis/

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