Australian Steelmaking Coal Prices Shoot Up 15% Following Cyclone Debbie

WALL STREET JOURNAL ASIA | on Mon, Apr 3, 9:14 PM

SYDNEY—The price paid for Australian steelmaking coal rocketed 15% to its highest point since January as shipments from the world’s top export hub were disrupted following a ferocious storm. Last week, Tropical Cyclone Debbie lashed the eastern Australia state of Queensland with destructive winds of more than 160 miles an hour, causing floods and landslides and forcing the closure of many port-and-mining operations. Queensland...

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