Taiwan’s Walsin Lihwa said that the company’s performance in the stainless steel business in the first half of this year was expected to be better than that in the second half of last year as China's relaxing epidemic control restrictions drove private consumption and investment.

Walsin has had many major investment projects in recent years. The company’s resource investment in Indonesia, including nickel matte and nickel pig iron, was expected to start mass production in the first quarter of next year, with an annual production capacity of 150,000 tons of nickel metal, and Walsin can get about 84,000 tons of nickel metal according to the investment ratio.

Walsin said that the stainless steel business fluctuated greatly in the past. In order to ensure the source of materials, the company had several major investment projects in Indonesia.