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Coking coal price surge backed by demand as supply woes add froth

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Update time : 2023-02-08 16:39:32
Coal is unloaded onto large piles at the Ulan Coal mines near the central New South Wales rural town of Mudgee in Australia, March 8, 2018. REUTERS/David Gray/File Photo

LAUNCESTON, Australia, Feb 7 (Reuters) - The price of coking coal has surged to a seven-month high, but the question is whether the rally in the fuel used to make steel is down to an improving economic outlook, or whether supply issues in top exporter Australia are to blame.

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