WRAPUP 1-Steel cos to gain from Japan carmakers' supply crunch

Newswire

By Chang-Ran Kim and Rhee So-eui TOKYO/SEOUL, Nov 26 (Reuters) - A serious steel shortage at Japan's top car makers is expected to benefit South Korean and Chinese suppliers, while signalling more bargaining power for the steel industry in price talks with their biggest customers. The auto industry has been abuzz with talk of a global scarcity of steel for over a year now, but the crisis gauge notched up to new heights after Japan's Nissan Motor Co. said on Thursday it would have to ...

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