Taiwan’s Walsin Lihwa raises stainless steel wire rod prices for Jun
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Update time : 2021-05-27 19:21:04
Walsin Lihwa, a leading stainless steel wire rod manufacturer in Taiwan, announced to raise the prices of its stainless steel wire rod products for June.
According to the price adjustment, the price of 300 series was hiked by NT$12,000/ton, and that of 400 and 204 series was up by NT$4,000/ton, respectively. The surcharge of 316 was raised by NT$3,000/ton. The price increase of copper series was NT$1,500/ton, and the welding material steel will be subject to a price hike of NT$1,000-4,000/ton depending on different steel grades.
Walsin Lihwa said that the price adjustment was to reflect the current business situation under the pressure caused by China’s cancellation of export tax rebates, continued price hikes in international raw materials such as nickel, molybdenum, and scrap, electricity scheduling and water shortages in Taiwan, as well as uncertainties brought by the COVID-19 epidemic.
In addition, Walsin Lihwa will limit the supply for June delivery.
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