Nikkie carried the report overnight, that Toyota Motor will increase the price of automotive steel it sells to parts makers by a record of around 40,000 yen ($289) per tonne in the October-March half.
Nikkei link for more (gated)
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Toyota is Japan’s largest buyer of steel.
Toyota is responsible for sourcing the metal for use both in-house and by its suppliers.
Its purchase price serves as a benchmark for contracts in a range of industries.
