How to sell more steam coal to Europe
At present there is a surplus of imported steam coal in Europe but it is predicted that, in spite of this, imports will rise. The paper describes the possibility of establishing a privately-run but government-chartered US Coal Exchange to handle steam coal sales to Europe. Advantages would include adherence to quality standards, establishing a stable market, and allowing small coal operators onto the market. Disadvantages centre mainly on the fact that European customers adhere to established sources for political and economic reasons, and that smaller producers would not in fact increase their share of the market. It is also felt that an Exchange would encourage spot sales in preference to an established market, which could strategically weaken the position of the US. The need for long-term international trading contracts is described.
- OSTI ID:
- 6251404
- Journal Information:
- Coal Min. Process.; (United States), Journal Name: Coal Min. Process.; (United States) Vol. 20:8; ISSN CMPRB
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
015000* -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
AGREEMENTS
CARBONACEOUS MATERIALS
COAL
COAL INDUSTRY
CONTRACTS
ECONOMICS
ENERGY SOURCES
EUROPE
EXPORTS
FOSSIL FUELS
FUELS
IMPORTS
INDUSTRY
INTERNATIONAL AGREEMENTS
MARKET
MATERIALS
NORTH AMERICA
ORGANIZATIONAL MODELS
ORGANIZING
USA
WESTERN EUROPE