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    CRU

    March 14, 2025

    CRU: Ramaco chief takes bullish stance in bear market

    Written by CRU Group

    While overall steel demand remains weak in the near term, there are reasons to expect metallurgical coal prices will increase over the course of the year, especially in the second half, according to Randall Atkins, chairman and CEO of US coking coal producer Ramaco Resources.

    “Anecdotally, on the supply side we believe that US production of metallurgical coal in the first quarter of 2025 is likely to have declined by 14 million [short] tons (st) on an annualized basis from the 2024 peak,” he said.

    CRU Group

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    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.