Market Chatter: Toyota Raises Steel Sheet Prices for Parts Suppliers From October

MT Newswires Live
Aug 27

Toyota Motor (TM) will raise the price of steel sheets supplied to auto parts manufacturers by about 12,000 Japanese yen ($75) per ton in H2, starting from October, Nikkei reported Thursday.

The increase, the automaker's first in four years, will bring prices above the April to September level, according to the report.

Toyota did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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