Shyi-Chin Wang, CEO and President of Walsin Lihwa, announced during an investor conference on February 26 that Taiwan’s stainless steel market will see a clear recovery in the first quarter of this year. This rebound will be due to rising raw material costs, inventory restocking, and China’s export controls.
Although overall manufacturing momentum remains soft, demand for AI-related factory construction and Taipower’s grid projects keeps cable shipments stable.
In the resources sector, Indonesia’s production cuts have pushed nickel prices higher, though increased volatility is expected. In addition, the company expects its regional layouts in Europe and Asia to provide a competitive edge as EU carbon and trade policies take effect this year.
Walsin Lihwa raised its March stainless steel wire rod prices for the fourth consecutive month, with the 304 series increasing by NT$ 2,000 per ton.