Indonesia Nickel Ore Export Price Rises, Walsin Increases May Wire Rod Prices
Walsin Lihwa is raising its May stainless steel wire rod prices by NT$1,000 to NT$5,000 per ton due to Indonesia''s higher nickel ore export benchmarks, rising energy costs from Middle East conflicts, and fluctuating shipping rates.
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- 📰 Published: April 29, 2026 at 21:36
- 🔍 Collected: April 29, 2026 at 22:01 (24 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 23:10 (1h 9m after Collected)
CNA News (Taipei, 29th) - In response to Indonesia''s recent hike in nickel ore export pricing benchmarks and the impact of conflicts in the Middle East, wire and cable and stainless steel manufacturer Walsin Lihwa announced today an increase in its May stainless steel wire rod prices. Walsin explained that the 300 series will increase by NT$4,000 per ton, copper-bearing series and 316 by NT$5,000 per ton, 200 series by NT$2,000, and 400 series by NT$1,000 per ton. Walsin pointed out that the recent adjustment of Indonesia''s nickel ore export pricing benchmarks and Middle East conflicts have driven up sulfur and natural gas prices. This further pushed up raw material prices and overall production costs for stainless steel, putting pressure on steelmaking costs. Meanwhile, geopolitical uncertainty has caused significant fluctuations in ocean freight rates. After comprehensive consideration, Walsin decided to raise its May wire rod prices.