DNIPROPETROVSK, Feb. 10 – The state-run company Ukrpromzovnishekspertyza has said that prices of iron ore, coking coal and scrap ferrous metal are expected to grow more in 2011.

Ukrpromzovnishekspertyza Director General Volodymyr Vlasiuk said at a meeting of representatives of the Ukrainian metal and mining sector in Dnipropetrovsk that the growth of prices of raw materials is linked to plans to further increase steel smelting this year.

"A record in steel production in the world is expected this year – some 1.5 billion tons, which exceeds the figure of 2010 by 75 million tons," he said.