Toyota and Nippon Steel sign agreement per ton of steel rose 2 million yen
Integrated foreign coverage, the new Japan Steel Corporation (Nippon Steel Corp) Toyota and car (Toyota Motor Corp) recently reached an agreement on steel price increase, the agreement provides that from 1 April to 30 September for half a year, new supply Toyota Japan iron and steel per ton price will go up 2 million yen (about 219 USD), to 10 million yen (around 1080 USD).
Since Toyota manufacturing a car approximately one ton of steel, steel prices, Toyota each car steel purchasing cost will go up 2 million yen (approximately US $ 219).
This is two years of new Japan iron first improve supply Toyota's steel prices. New Toyota Japan iron and steel industry, respectively and automotive industry leader. This new Japan iron and steel prices will inevitably bring the price of other iron and steel enterprises.