Nippon Steel, Toyota agree to 2 pct sheet price cut - paper

Newswire

TOKYO, July 27 (Reuters) - Nippon Steel Corp, the world's No.6 steelmaker in terms of crude steel ouput, and Toyota Motor Corp have agreed to a 2 percent price cut on steel sheets of 2,000 yen per tonne for the April-September term from the previous six-months, the Nikkei business paper reported on Friday. The accord between the two parties usually serves as a benchmark for Japanese steelmakers' contracts with large-lot steel buyers, including automakers, electronics ...

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