On February 23, 2024, Mark Spurbeck, Executive Vice President and Chief Financial Officer of Peabody Energy Corp (NYSE:BTU), sold 6,826 shares of the company's stock.
Indian steel-makers debt reduction plans may be slowed down by higher coal prices, according to S&P Global Ratings. The firm predicts that the consolidated debt of major steel makers in India will remain at 2.1 trillion rupees as of March 2025, up 150 billion rupees from the previous estimate. The average prices of metallurgical coal are expected to rise to $270 a ton in 2024, largely due to supply constraints in Australia, tensions in the Red Sea, and strong demand from India and markets outside China.
Steel Industry Growth: Indian steel-makers debt reduction plans may be slowed down by higher coal prices, according to S&P Global Ratings. The firm predicts that the consolidated debt of major steel makers in India will remain at 2.1 trillion rupees as of March 2025, up 150 billion rupees from the previous estimate. The average prices of metallurgical coal are expected to rise to USD 270 a ton in 2024, largely due to supply constraints in Australia, tensions in the Red Sea, and strong demand from India and markets outside China.