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Home Steel News Taiwan’s Walsin Lihwa raises stainless steel wire rod prices for Oct
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Taiwan’s Walsin Lihwa raises stainless steel wire rod prices for Oct

30 Sep 2021 15:26 reported by Joy Liu

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Walsin Lihwa, a leading stainless steel wire rod manufacturer in Taiwan, announced its new prices for stainless steel wire rods for October today (September 30).

According to the price adjustment, the price of 300 series and 316 series was hiked by NT$3,000/ton, and the price of 400 series was raised by NT$1,500/ton.

Walsin Lihwa said that China’s recent power curtailment policy has directly affected the stainless steel industry, which tightened the supply and drove China’s futures and spot markets by an increase of up to RMB 2,900 per ton.

Walsin Lihwa’s new prices only reflected part of raw materials costs, the remaining deficiencies will be absorbed by the company and then respond at a suitable time.

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