Taiwan’s Walsin Lihwa & Yieh Hsing raise stainless steel wire rod prices for Sep
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Update time : 2020-09-01 16:27:35
After Yieh United Steel Corp. (Yusco) hiked its stainless steel prices, Walsin Lihwa and Yieh Hsing Enterprise Co., Ltd., two leading stainless steel wire rod producers in Taiwan, also announced to raise their prices for September, which have been hiked for five consecutive months.
According to the price adjustment, the prices for Walsin Lihwa and Yieh Hsing’s stainless steel wire rod were raised by NT$5,500/ton. As the nickel price hiked sharply to above US$15,300/ton, both wire rod mills decided to follow the rise of raw materials.
The two wire rod mills have already increased the prices in a total of NT$13,000/ton since May.
