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Thursday, January 13, 2011
Coal is Heating Up!
Well, the recent heavy flooding of coal mines in Queensland, Australia has really affected the whole world. The lessen supply has made coal an expensive commodity lately. It also affect another commodity, steel. Steel production comes from coal. The scarcity of coal would translate to lessening supply of steel as well. With increasing global demand of steel from manufacturing countries, the price is very likely to keep going up over the next months.
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