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Three new metallurgical coal market members join globalCOAL

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World Coal,

globalCOAL® has announced that three new metallurgical coal Market Members have joined its international trading community.

The companies include:

Dubai-based Steel Mont Trading DWC-LLC is a global trading and logistics enterprise focused on the international trade and finance of a variety of products and industries.

thyssenkrupp Steel Europe AG, Germany, is a leading supplier of high-grade flat steel and supplies high-quality steel products to a wide range of industries.

Headquartered in Pennsylvania, USA, Xcoal Energy & Resources supplies low, mid and high volatile hard coking coal to customers throughout the world.

Commenting on the announcement, globalCOAL Head of Metallurgical Coal, Phil Shawcross said: "In the five months since the launch of screen trading for metallurigcal coal, we have brought much improved price transparency to this market. The concept is gathering momentum, and in today’s announcement, we see a microcosm of our online marketplace, with producers, steel mills and traders from around the globe all represented. We look forward to delivering an alternative route to market to these new Members."

Edited from press release by Harleigh Hobbs

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