U.S. metallurgical coal producer Ramaco Resources reported a quarterly loss, blaming weak prices on Chinese steel overproduction and dumping.
Ramaco, based in Lexington, Kentucky, posted a net loss of $18.3 million, or 30 cents per share, for the first quarter of 2026.
The company also reported revenue of $121.6 million and an operating loss of $1.8 million, missing market expectations.
Randall Atkins, Ramaco’s chairman and CEO, linked the difficulties to global steel market pressures.
“The met coal business has been challenged for about a year and a half by China,” Atkins said in a Bloomberg Television interview on Monday.
Metallurgical coal, or met coal, is a type of coal used to make coke for steel production in blast furnaces. Atkins said steelmakers worldwide are demanding lower costs for this coal as they compete with low-priced Chinese steel exports….
Ramaco CEO Blames Chinese Steel Dumping for Quarterly Loss
