Alpha Metallurgical Reports Challenging Fourth Quarter For Production And Costs

Bristol Tennessee’s Alpha Metallurgical Resources is the latest company in the Tri Cities in a week to announce a challenging fourth quarter. Alpha supplies metallurgical products to the steel industry and blamed the downward slope in the last three months on geological conditions, transportation and weather related power outages that made the fourth quarter challenging from a production and cost standpoint. Eastman Chemical Company in Kingsport announced their fourth quarter numbers were down 18 percent and will implement a three percent workforce reduction globally in 2023.