UPDATE 1-Toyota seeks more steel from S.Korea, China-paper

Newswire

(Adds Toyota comment, share prices) TOKYO, Nov 26 (Reuters) - Toyota Motor Corp. plans to buy more steel from Chinese and South Korean steel makers in the expectation that supplies of the metal in Japan will remain tight for a long time, the Nihon Keizai Shimbun said on Friday. The newspaper said the world's second-largest car maker would start using steel sheet made by South Korea's POSCO for doors and major exterior parts by as early as 2006. The report sent shares in POSCO to a ...

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