Teck offers metallurgical coal replace

Toronto-listed Teck Assets mentioned on Thursday that its third-quarter steelmaking coal gross sales had been 5.6-million tonnes, which was inside its revised steerage of 5.5-million to five.9-million tonnes.

The realised steelmaking coal value, nonetheless, declined within the quarter, averaging $304/t. This may lead to unfavorable provisional pricing changes of $191-million within the third quarter.

Teck final month lowered its third-quarter metal gross sales steerage to mirror the impression of operational halts at its Elkview steelmaking coal hub owing to a structural failure of the plant feed conveyor belt, in addition to the labour motion at Westshore Terminals.

Previous to this, the miner’s guided vary was 5.8-million to six.2-million tonnes for the quarter.

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