US steelmakers see rising coal input costs

摘要

Both AK Steel and US Steel expect raw material costs to rise in the first quarter of 2011, “in particular for iron ore, scrap and coal,” according to AK. US Steel commented higher Q1 2011 “shipments and production volumes are expected to be partially offset by higher raw materials costs, primarily for scrap and coal.” James Wainscott, chairman, president and CEO of West Chester, Ohio-based AK, stated in the earnings conference call that raw material costs, including metallurgical coal, would rise by $65 million in Q1 2011 from Q4 2010. While AK refused to break the cost down by input, ore, scrap and coal “each shares a substantial piece.”