Yieh Hsing Enterprise Co., Ltd., one of the major wire rod manufacturers in Taiwan, will announce new prices for October soon.

Due to the high raw material prices, Taiwan's screw manufacturers thought the steel price will keep increasing for the fourth quarter. Stimulated by this, it was expected that Yieh Hsing will increase its prices for October.

The current LME nickel price remained stable at the US$19,000/ton level, which was supportive of the new price increase.

Yieh Hsing might receive orders for October by discussing the prices with customers case by case like the pattern in September.