(AFX UK Focus) 2010-06-09 21:40 UPDATE 1-Nippon Steel, Toyota agree on steel price hike – Nikkei

By | Published: June 11, 2010

(AFX UK Focus) 2010-06-09 21:40 UPDATE 1-Nippon Steel, Toyota agree on steel price hike – Nikkei
June 10 (Reuters) – Nippon Steel Corp and Toyota Motor Corp have reached basic agreement on an average steel price hike of about 20,000 yen ($219) a ton from fiscal 2009 for the six months ending Sept. 30, the Nikkei business daily reported. This marks the first price increase in two years and the agreement between the two industry leaders is expected to spur other firms to follow suit, the …

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