February 20, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Coal miners face challenging market conditions globally--and not just the ones that dig up coal used for power generation. Warrior Met Coal Incorporated (NYSE:HCC) (Brookwood, Alabama), which specializes in the production of the metallurgical (met) coal used in steel production, took a hit from weak market prices in 2024, despite a jump in sales, and acknowledges the trend could continue in 2025. Industrial Info is tracking nearly $1 billion worth of active and proposed projects from Warrior, most of which is going toward an entirely new mine in eastern Alabama. Warrior's net revenues were reported to be $1.5 billion for 2024, a 9% decrease from 2023, despite a 6% increase in sales volumes and 8% increase in production volumes. Net income stood at $250.6 million, a 47.6% decrease from 2023.
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