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Commodities eye

Steelmakers to pay 9% less for coking coal in first quarter

TOKYO -- Japanese steelmakers have negotiated a 9% lower price for coking coal for the January-March quarter of 2016, the sixth quarter in a row that suppliers have agreed to cuts.

     The $81 per ton also marks the cheapest that coking coal has been for steelmakers since fiscal 2010.

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