UPDATE 2-Nippon Steel wins price hikes from carmakers-media

Newswire

(Updates with new report) TOKYO, May 31 (Reuters) - Top Japanese steel maker Nippon Steel Corp. has secured an agreement with Toyota Motor Corp. and Nissan Motor Co. to raise steel sheet prices by up to 20 percent, Japanese media reported on Tuesday. The steel maker will raise prices by about 10,000 yen ($93) per tonne in a fourth hike since 2003 and the biggest since the go-go years of the late 1980s, the Nihon Keizai newspaper said in its evening edition. That followed a morning ...

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