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" ... ANZ said the move by China was probably aimed at lower quality coking (steel making) coal which is in over-supply in China. Premium quality coking coal, such as most of the material exported by Australia remained in strong demand. ... "
" ... Chinese steel mills are paying exorbitant prices for coking coal, an essential ingredient in the steel making process, but there could be worse to come with a looming disruption to Australian shipments of iron ore, another critical steel-making material. ... "