UPDATE 1-Nissan CEO says close to raising prices in Japan

Newswire

(Changes dateline to Yokohama, adds background) YOKOHAMA, Japan, June 25 (Reuters) - Nissan Motor Co is close to having to raise prices in Japan amid a surge in the cost of raw materials such as steel, Carlos Ghosn, chief executive of Japan's third-largest automaker, said on Wednesday. Nissan and other automakers are having to swallow higher prices of steel as suppliers such as Nippon Steel look to pass on the rising costs of freight, coal and iron ore. Higher raw materials costs is a ...

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