Arch Coal (ACI +2.6%) pushes higher even after Goldman Sachs downgrades shares to Sell,...

|About: Arch Coal Inc (ARCH)|By:, SA News Editor

Arch Coal (ACI +2.6%) pushes higher even after Goldman Sachs downgrades shares to Sell, expecting ACI will be forced to cut met coal growth guidance. Coal, iron ore and steel stocks are strong for a second straight day following news that iron ore prices in China rose 6% to $110.40/ton. ANR +5.3%, AKS +3.9%, WLT +3.7%, BTU +3.6%, X +3.1%, CLF +2.7%.