Posco Joins Toyota Top Supplier Group, Challenging Nippon Steel

Posco Joins Toyota Top Supplier Group, Challenging Nippon Steel

SeongJoon Cho/Bloomberg

A Posco steel mill operates in Pohang, South Korea. rivals weighed down by the rise in the yen. Being part of the top suppliers group will enable Posco to win steady orders from Toyota, which is lifting production in emerging economies, said Takeshi Miyao, an analyst at a research firm Carnorama Japan.