(LOOTPRESS) – West Virginia coal production moderated from the previous week, with statewide production declining -4.2% week over week: -4.3% in state’s NAPP region and -3.27% in the CAPP region of the state. Compared to the same 30 weeks of 2020, statewide coal production is up +18.2%. +33.7% in the NAPP region of the state and +1.2% in the state’s CAPP region.
National coal production also decreased from the previous week by -4.6%, with production from the Appalachian region declining by -4.1%, the Interior coal region by -5.9% and the Western basin by -4.5%. Compared to the same 30 weeks of 2020 total U.S. coal production is up +11.3%: +14.9% in the Appalachian basin, +10.7% in the Interior region and +9.8% in the Western region.
EIA spot prices for domestic thermal coal were unchanged from the previous week. Average natural gas prices increased by +2% week over week.
Domestic iron and steel production increased week over week by +0.4% with capacity utilization increasing by +0.59% week over week. Compared to the same 30 weeks of 2020, national steel production is up +18.4% and cumulative furnace capacity utilization is up +19.6%.
U.S. electric generation increased slightly from the previous week by +0.1%. Output in the New England, Mid-Atlantic and Southeast regions decreased week over week by -4.4%, while generation in the Central Industrial region increased by +2.3%. Compared to the same period last year, U.S. electric generation is up +3.1%: +3.1% in the coal regions, +2.9% in the New England, Mid-Atlantic and Southeast regions and +2.7% in the Central Industrial region.
U.S. rail traffic decreased from the previous week by -1.9%. Coal carloadings decreased by -4.6%, finished steel and stee raw materials increased week over week by +0.6% and auto parts and finished auto traffic declined by -10% from last week. Compared to the same 30 weeks of 2020, total U.S. rail traffic is up by +12.7%, coal carloads are up +12.4%, steel related rail traffic is up +27.1% and auto making carloads are up +18.8%.