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The Wall Street Journal Chinese Online pointed out on Jan. 6 that Australia suffered severe floods, resulting in interruption of coal production and coal price hiking. That may also restrict global steel output, leading to a following steel price going up in some areas. Curt Woodworth, an analyst assigned in New York from Macquarie Capital in Queensland says annual production capacity of nearly 98 million tons in steel coal, equivalent to 73% of normal coal output from Queensland, is influenced by force majeure. This accounts for approximately 37% of annual world supply in seaborne coal used by steel manufactures.