Yes.
market, X I look when the Let factors me look here. I input -- or at at X
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or March. experts in February think happening expect the I peak
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So that's first the global one, economy.
this The supply will at Seaborne least additional and disruption coal constraints. I a russia half. capacity. in high Canada, first feature year despite the than availability second in U.S., of be production supply and And the lower is Australia, one markets, XXXX XXXX seaborne Mongolia, of the over out remain, met prices will guess, quarter X
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think all tonnes and gives steel on to prices. they a stock India the coal that we need I falling higher on probably little bit fact, foot and So industry in the they're certainly And coal chasing rebuild in industry. see, to for happened. sentiment need -- more as betting back opposite chase met and now met prices,
So element up push is see cost cost I'll the to margins. inflation third through
labor a costs, particularly is cost global issue. energy so And inflation, and the
hard worsened Europe Ultimately, always to to element per which grow met at in could think, seaborne coal see so and per with then I imports cargo probably much XXXX. impacted it mean element, China a Australia, ban. more the tonne Lower for fourth China. supply $XXX risk translate on the availability, cost a always, It continue impact here probably marginal was in will in XXXX which first be was way. think into issues used coal in But the lower actually lower upside. spot And not met global has my look by China. to then consumption the I I We we'll from, to in but WoodMac are general, XX% coking mining, in XXXX certainly U.S. $XXX
before, said pushed a supply their producers rebalanced into chain and redirected long-term have met major some seen and tonnes I I've coal contracts. of lot As
of for has the of maintain for ban in relationship no moment. in general, been coal with lot market. I And out spot the a will on taken China the the improvement revenues think, So at XXXX, Australian
impact So probably that us. elevated for coal prices. it X months. hurt now, you the X, us hasn't see has last year has hurt But It met
positive, supportive this So overall, least in but very per give not coal met half the the prices. will think I below don't at a year, drop too sees that -- XXXX I guidance prices coal And met of the tonne. over $XXX much, market I see, first market
