Walsin Lihwa, a stainless steel wire rod manufacturer in Taiwan, announced its price for March yesterday (February 26), with 300 series wire rods increasing by NT$1,000/ton and 200 and 400 series remaining unchanged.

As the US is about to launch new tariff measures and cancel the exemption qualifications of some countries, Taiwan has the opportunity to receive transfer orders.

In addition, the post-war reconstruction of Russia and Ukraine was expected to provide support for global steel prices. The recent rise in the price of nickel pig iron (NPI) increased production costs, which could also support the new price.