According to the Japanese "Asahi Shimbun" reported that Nippon Steel and other Japanese steel giant Toyota recently in 2009 on the car to reach agreement with steel prices per ton decline in 2008 than 15,000, which is Japan's largest decline in history, but also when separated from the first price reduction for seven years.
The 2001 cost decreased by 10% of the down turn even more significant. Iron and iron alloy monsters of iron alloy charges had proposed to discuss the end of this year, but Toyota made one time the dirt has resolved the metal ore cost discussions will be farther demanded price.
Iron and iron alloy monsters out-of-doors of Toyota vehicle, shipbuilding and electric driven enterprises, the cost will be let down, which is a affirmative constructing news. However, due to auto commerce did not increase in iron alloy charges to buyers, it can directly vehicle cost, and now not clear.
By the impact of the global economic downturn, the demand for steel dropped, the Japanese steel giant with overseas energy companies coal price negotiations to reach an agreement, prices 57 percent lower in 2008, iron ore price negotiations were under way, will be expected to decline in between 20-40%.
