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05 Sep
09:54

Toyota maintains steel price for H2 FY23

Japanese automaker Toyota will maintain steel prices to its parts suppliers for the second half of fiscal 2023 (October 2023 to March 2024). The price of hot rolled coil as a typical product will therefore stay at JPY 156,500/tonne ($1,064/t). The conservative approach to prices takes into account limited room for increase in the iron ore and coking coal markets through winter, which may also lead to steel prices remaining stable over the period, Kallanish no…
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