Nippon Steel and Toyota Motor adopted an agreement on increasing steel by 10 percent

According to Nikkei, the largest media corporation in Japan, Nippon Steel & Sumitomo Metal Corp and Toyota Motor Corp agreed to raise prices for a steel sheet by about 10 percent from April to September 2013, inclusive, since the yena drops. An increase in the price of 10,000 yen per ton compared to the previous six months will have retroactive force for deliveries since April.

These changes can affect manufacturers of welded metal structures in Southeast Asia. Today, at many construction facilities of Japan, you can see workers dressed in Masks of the welder engaged in the process of welding structures. If steel prices continue to rise, then soon they will have to look for a new job.

Negotiations between the second largest in the world with a steel company and the best -selling automaker's manufacturer will serve as a guide for Japanese sellers of steel. This year, this will become a decisive factor for concluding contracts with automakers, shipbuilders and other manufacturers. The dollar and the euro showed an increase of 15 percent towards the yen to the present, in connection with the expectations of mitigating monetary aggressive in Japan.

Nippon Steel & Sumitomo Metal Corp says his positions have been replaced in recent years, since the company could not go to a higher cost of raw materials, such as iron ore and coking coal. Nippon Steel lags behind the production of steel only from Arcelormittal and successfully competes with the Posco of South Korea in this region.

Toyota Motor Corp, which is aimed at achieving from increasing export indicators by weakening the yen, will compensate for the price of steel products through restructuring instead of increasing the price of new cars.