Arch Coal loss grows due to weak metallurgical coal markets

April 22 Tue Apr 22, 2014 7:54am EDT

April 22 (Reuters) - U.S. coal miner Arch Coal Inc's net loss grew 77 percent in the first quarter due to weak demand and prices for steel-making metallurgical coal and disruptions in rail service.

The net loss rose to $124.1 million, or 59 cents per share, in the quarter ended Mar. 31, from $70 million, or 33 cents per share, a year ago.

Revenues was nearly flat at $736 million. (Reporting by Swetha Gopinath in Bangalore)