Yieh Hsing Enterprise Co., Ltd., one of Taiwan’s major wire rod manufacturers, announced its July wire rod prices, adopting individual negotiations on both carbon steel and stainless steel wire rods. This is the second consecutive month of negotiated pricing for its stainless steel wire rods, allowing for flexible order adjustments.
Yieh Hsing stated that this decision reflects ongoing market challenges. Factors influencing this adjustment include continued impacts from US tariffs, geopolitical instability, and the appreciation of the Taiwanese dollar, which have led to a wait-and-see attitude among downstream customers.