Posco joins Toyota top supplier group, challenging Nippon steel

摘要

Posco became the first non-Japanese steelmaker to enter a group comprising less than 1 per cent of the suppliers to Toyota Motor Corp, rivaling domestic auto-sheet providers, including Nippon Steel Corp. The Japanese unit of South Korea's biggest steelmaker was formally accepted into the Kyohokai, a 222-member group of Toyota's closest suppliers, group spokesman, Mr Nakaji Honda said.