Peabody Energy Corporation (BTU): Reminder: AMERICA NEEDS STEEL. PERIOD! B...

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Thursday, 12/31/2020 1:52:19 PM

Thursday, December 31, 2020 1:52:19 PM

Reminder: AMERICA NEEDS STEEL. PERIOD! But does it
need coal?
FACT:
Nearly all new steel globally is produced using iron oxide and coking coal.
Coking coal is usually bituminous-rank coal with special qualities that
are needed in the blast furnace.
While an increasing amount of steel is being recycled, there is currently
no technology to make steel at scale without using coal.
Think about it Amazon, Microsoft, Tesla, etc and all the other
$billion $billion $billion dollar companies.
No coal/Peabody.. no products for your adoring fans.

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