24
Aug
11:14
Japan’s Nippon Steel and Sumitomo Metal Corporation has reportedly agreed a JPY 5,000/tonne ($46/t) price cut in its latest price negotiations with Toyota. The six-month contract price is taken as a benchmark for the Japanese autosheet market, which had previously expected a price increase, Kallanish notes.
According to the Nikkei, NSSMC and Toyota have concluded their price negotiations for steel deliveries to Toyota over April-September this year. Toyota…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
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Very good overview of the weekly steel market.
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