Iron ore mining companies to continue price increases requires the third quarter.

<P> Global miners BHP Billiton (BHPBilliton), Rio Tinto (RioTinto) and Vale do Rio Doce (Vale) will be required to use iron ore and coking coal, steel and other commodity prices further. .China's current strong demand and tight supply disruptions continue to market. .</ P> <P> iron ore and coking coal prices through the steel, eventually passing to a variety of daily necessities, and therefore the global economy is crucial. .</ P> <P> mining and steel industry executives said the third quarter, the average iron ore prices will rise 30% to 35%, coking coal prices will rise 10-15%. .As a result, steel prices or push, or compressed steel maker's profit. .</ P> <P> Earlier, second-quarter iron ore prices have risen by 90% to 100% of coking coal prices also rose by 55%, which sparked concerns about inflation in emerging countries. .</ P> <P> July to September of this year's third quarter, and spot market pricing mechanism linked to the new season will be the first trigger price increases. .This year, the pricing mechanism to replace the 40-year-old benchmark pricing mechanism for the annual contract, save the price of a lengthy negotiation process. .</ P> <P> Suisse (CreditSuisse) • Moore, a commodities analyst Melinda (MelindaMoore) said: "The commodity super-cycle remains." </ P> <P> ThyssenKrupp (ThyssenKrupp) .• Chief Executive Officer Eckhard Schulz (EkkehardSchulz) warned last weekend, raw materials market is a bubble. .ThyssenKrupp is the world's largest steel maker. .</ P> <P> "[bubble] may even exceed the size of the U.S. housing bubble two years ago. If we are not ready to take decisive action against speculators of raw materials ... ... they will the steel industry and global economy constitutes a .serious threat, "he told the German" Der Spiegel "(DerSpiegel) said. .</ P> <P> steel industry and mining executives said the price of iron ore from the third quarter of $ 100 per ton this quarter and last year's $ 60 surge to 130-135 U.S. dollars per ton. .Coking coal prices will increase to $ 225 per ton, much higher than the second quarter of last year's 200 dollars and 129 dollars. .</ P> <P> Because of a different method of price calculation, all the company's final price may vary. .In general, the calculation is based on quarterly contracts quarter ended one month before the new price index average of three months. .</ P> <P> companies use different calculation methods, including a month and two months average. .</ P> <P> With the surge in crude steel production earlier this month, iron ore and coking coal spot prices reached the highest level in two years. .</ P>.