Reports that China has approved new steel projects, a move that could boost steel prices, sends...

|By:, SA News Editor

Reports that China has approved new steel projects, a move that could boost steel prices, sends Peabody Energy (BTU +4.1%) to the top of the S&P leader board; BTU sells coal for making steel to Asia markets. Shares of fellow coal miners also surge: ANR +3.1%, PCX +4.6%, ACI +1.8%, CLD +1.7%.