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Steel output on the up

With iron ore and coking coal prices some way above where they were trading at this time last year, it comes as no surprise that global steel production has been moving in the same direction.

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Heating up…Rising steel production has continued to support high iron ore and coking coal prices (photo: worldsteel)

The latest figures from the World Steel Association have confirmed this, with global steel output up a not insignificant 7%, year-on-year.