Reportedly, Yieh Hsing denied that rumor that the company has raised the wire rod prices by NT$500/ton ahead of the schedule on January 31st.

Yieh Hsing stated that the company will announce the new quotes of wire rod on January 31st as schedule.

However, the company admitted that as the Chinese New Year holiday is close to January 31st, the company will accept orders from this time to prepare materials for customers and arrange the production line in advance.