<span class="wntoptext03"><span>Driven by rising costs of coking coal and iron ore, it’s expected that China Steel Corp. (CSC) might raise its steel prices by 12%~15% for April/May delivery.</span></span><span><br> <br> <span class="wntoptext03">As it’s predicted that the coking coal prices for the second quarter of 2011 would be at US$320/ton, up by US$95/ton compare to that in the first quarter of 2011. Accordingly, the production costs are estimated to increase by US$70/ton at least.</span><br> <br> <span class="wntoptext03">Thus, analysts predicted that CSC might raise the steel prices for April/May delivery to reflect the rising the production costs. However, CSC indicated that the company would decide the new prices on the actual market situation.</span><br> ( Source: <a href="http://www.yieh.com/"><span><u><font size="3" face="Times New Roman">www.yieh.com</font></u></span></a> )</span>