When looking at the commodities used to make steel, iron ore gathers the bulk of headlines given its strong link to the perceived health of China’s economy. But metallurgical coal is also a key input, and this fuel has quietly been a top performer in the energy commodity space in recent months.
Australia dominates the seaborne market for metallurgical coal, accounting for more than half of global volumes, and about three times the shipments of the next biggest exporter, the United States.
