UPDATE 1-Honda CEO fears more price hikes for U.S. steel

Newswire

(Adds details) TOKYO, May 29 (Reuters) - Honda Motor Co's chief executive said on Thursday the Japanese automaker had been asked to pay more by a U.S. steelmaker despite a contract agreed earlier this year, and added he feared other suppliers may follow suit. Global steel prices have soared on tight demand, with brisk orders for construction machinery, ships and energy-related products in Russia, the Middle East and other emerging markets. Honda sets product prices with U.S. ...

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