Paragon Report released research on Arch Coal Inc. (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX) and the outlook for the coal industry.
As quoted in the press release:
In addition, the $23 billion in approved steel projects will look to boost demand for metallurgical coal, which plays a crucial role in the steel making process. Steel output in China is expected to reach 700 million tons in 2012 according to the China Iron and Steel Association.
