Toyota to raise wholesale steel prices for Japanese suppliers – report
Japanese automaker to pay USD124 per tonne to steel makers
Toyota is looking to significantly increase wholesale steel prices for Japanese component makers for the first half of fiscal year (FY) 2017/18, according to a report by Nikkei. The automaker's prices will reportedly climb by nearly JPY14,000 (USD124) per tonne in the first such increase in three and a half years. Toyota has recently negotiated a new price for metal sheets with its supplier, Nippon Steel & Sumitomo Metal Corporation (NSSMC).
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