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Teck Updates Steelmaking Coal Guidance


Teck Resources recently provided guidance for expected metallurgical coal price and an update on estimated sales volumes for the third quarter of 2017. The company said it expects to realize an average price of approximately $158 to $163 per metric ton (mt). Met coal sales volumes for the third quarter of 2017 are now expected to be between 7.2 million mt and 7.5 million mt, which is higher than previous guidance of at least 7 million mt, reflecting strong demand.