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Nationally the coal supply and demand balanced well in the first six months.

However, June turned out to be a fairy tale month for steel stocks.

ferro-alloys.com: Rio Tinto set to capitalize on gushing iron ore cost

When Section 232 tariffs were proposed, some feared it could lead to a spike in downstream fabricated steel imports.

According to S&P Global Platts, Nucor (NUE) announced a price increase of $40 per short ton.

ferro-alloys.com:Production targets over-ambitious iron-ore set by NMDC

ferro-alloys.com:China's iron ore recoups as attention moves to request outlook

Chinese steel producers saw their profits fall 18.2 percent year on year in the first five months of 2019.