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24 Aug

NSSMC agrees autosheet price cut: reports

Japan’s Nippon Steel and Sumitomo Metal Corporation has reportedly agreed a JPY 5,000/tonne ($46/t) price cut in its latest price negotiations with Toyota. The six-month contract price is taken as a benchmark for the Japanese autosheet market, which had previously expected a price increase, Kallanish notes. According to the Nikkei, NSSMC and Toyota have concluded their price negotiations for steel deliveries to Toyota over April-September this year. Toyota…
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