Honda May Be Forced to Ship Steel by Air
Reuters
American Honda Motor Co. said a shortage of carbon sheet steel due to U.S. import curbs may force it to take the costly step of airlifting steel from Japan to its U.S. and Canada factories.
If Honda is unable to renegotiate some expiring contracts by next week with U.S. and Canadian steelmakers, which supply American Honda with 95% of its carbon sheet steel, it may have to import steel from Japan, a spokesman said.
