Steel mills face higher costs after Australia floodSpot coking coal prices have risen around 10 per cent in a month and look set to move sharply higher as Asia's steel mills scour the globe for new suppliers to cover production lost to Australian floods. More than two months of torrent More… |
Massive floods hit Australia's northeastLarge parts of Australia's coastal northeast were flooded on Sunday in a spreading environmental disaster as thousands of residents fled their homes to avoid the runoff from a Christmas deluge. Queensland State Treasurer Andrew Fraser More… |