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Auto News Articles - Toyota Agrees to 30% Steel Price Hikes
News Article
Toyota Agrees to 30% Steel Price Hikes
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Source: CNBC
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Date:5/15/2008
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Source Link: Click Here |
Nippon Steel and other big Japanese steelmakers have reached broad agreement with Toyota Motor to raise steel prices by more than 30 percent. Toyota has agreed to a price increase of above 25,000 yen per ton for sheet steel this business year to allow steelmakers to pass on most of the recent cost increase.
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