Nippon Steel wins 10% price rise from Toyota-paper

Newswire

TOKYO, May 31 (Reuters) - Top Japanese steel maker Nippon Steel Corp. has secured a more than 10 percent rise in steel plate prices in talks with Toyota Motor Corp. , less than it wanted, the Yomiuri newspaper reported on Tuesday. The average price of steel plates would rise to around 70,000 yen ($648.5) per tonne from 62,000 yen now, the report said. Against the background of a steel shortage worldwide, Nippon Steel had been asking for a rise of about 10,000 yen per tonne, the report ...

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