The natural gas revolution has wreaked havoc on the thermal coal industry, and now, metallurgical coal, or coke coal, is starting to experience significant headwinds from European debt worries and slowing growth in emerging economies. Coke coal is down close to 30% over the past few months, as global steal demand has declined, greatly disrupting a coal industry desperately needing coke coal to help float the extremely depressed thermal coal market.
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