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Commodities

Steelmaking coke prices surge on tight supply

A 30% rebound triggered by Australian cyclone, Chinese halt of North Korean imports

Prices of coke are rebounding due to a cyclone that has disrupted Australian exports.

TOKYO -- Prices of coke have swung up on rising coking coal prices following a cyclone that disrupted shipment routes in Australia as well as the Chinese suspension of North Korean coal imports.

Production costs are expected to rise for Japanese steelmakers, which rely heavily on imports for the material used to heat and solidify iron ore to make steel.

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