In that interview, Tim Ferguson, Forbes Asia editor, chronicled this potential battle, which could start over currency, but steel and other commodities could be affected as well.

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In terms of this decade, currency weakness has driven up the nominal prices of commodities ranging from gold to steel to oil, and investment has followed.

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The rise in demand from China for commodities such as iron ore, steel and petroleum has helped fill government coffers.

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Among positive aspects are cheap commodities like oil, copper and steel.

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It is designed to imitate the futures market in commodities such as corn, wheat and steel.

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The cargoes its ships carry encompass economically sensitive commodities like iron ore, coal, grain, and steel products.

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For example, unlike earlier this year when oil and commodities soared as alternatives to equities, stocks such asMonsanto and U.S. Steel were some of the hardest hit Thursday.

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Legacy airlines will then cry that they should be part of the package, too, as could the steel industry if profits plummet because of a weak economy or if the Fed finally pops the commodities bubble.

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The company owns and operates a fleet of 29 dry bulk carriers that transport a wide range of commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers and steel products.

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As our commodities team has highlighted, the intensity of use for some industrial metals such as copper and steel will decline markedly over the next few years.

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