The 2001 price reduced by 10% of the decline even more significant. Iron and steel giants of steel prices had intended to negotiate the end of this year, but Toyota made once the dust has settled the iron ore price negotiations will be further requested price.
Iron and steel giants outside of Toyota car, shipbuilding and electric enterprises, the price will be lowered, which is a positive manufacturing news. However, due to auto industry did not rise in steel prices to consumers, it can immediately car price, and now not clear.
By the influence of the international financial worsening, the demand for iron alloy fallen, the Japanese iron alloy monster with overseas power businesses coal cost discussions to come to an affirmation, charges 57 per hundred smaller in 2008, metal ore cost discussions were under way, will be anticipated to down turn in between 20-40%.
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