U.S. coal exports continued to decline from record volumes in 2012, according to an EIA report out today.

In the first half of 2014, U.S. coal exports were at 52.3 million short tons (MMst), down 16% from the export levels in the first half of 2013. The EIA attributes the drop to reduced demand for steam coal from Europe and Asia, combined with increased supply from Australia and Indonesia and increases in metallurgical coal supply from Australia, Canada and Russia.

Metallurgical coal production, primarily from the Illinois and Appalachia...

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