Walsin Lihwa: Stainless Steel, Cable Businesses Expected to Outperform Q1 in Q2
Walsin Lihwa anticipates its stainless steel and wire/cable businesses to perform better in the second quarter than in the first, driven by rising metal raw material prices and China's export controls. The Indonesian nickel pig iron business is expected to remain consistent with Q1.
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- 📰 Published: May 8, 2026 at 21:21
- 🔍 Collected: May 8, 2026 at 21:32 (10 min after Published)
- 🤖 AI Analyzed: May 9, 2026 at 02:24 (4h 52m after Collected)
Central News Agency
(Central News Agency reporter Pan Chih-hsin, Taipei, 8th) Wang Hsi-chin, CEO of cable and stainless steel manufacturer Walsin Lihwa, stated today that the performance of its Taiwan and European stainless steel businesses, as well as its wire and cable business, is expected to be better in the second quarter than in the first quarter. The Indonesian nickel pig iron business, which is part of the resource sector, is projected to perform similarly to the first quarter.
Walsin Lihwa held an online institutional investor conference today. Wang Hsi-chin pointed out that benefiting from continuously rising metal raw material prices and China's implementation of stainless steel export control measures, product prices have continued to increase. Coupled with customers' anticipatory psychology, orders have been active, and Taiwan's stainless steel business is expected to perform better in the second quarter than in the first.
Wang Hsi-chin explained that due to China's anti-"involution" policy restricting supply in the stainless steel market, and raw material prices driving customers to replenish inventory, both product prices and volume increased in the second quarter. For the European stainless steel market, affected by the Carbon Border Adjustment Mechanism (CBAM), negotiated imports have decreased, and product prices and order volumes have gradually grown since March, with second-quarter performance expected to be better than the first quarter.
Regarding the resource business, he explained that the tightening of Indonesia's nickel mining policy has reduced the supply of nickel pig iron. In addition, the Indonesian government announced a new nickel pricing mechanism in April, which also fueled nickel ore prices, further pushing up the production cost of nickel pig iron. Therefore, the second-quarter operating conditions are expected to be similar to the first quarter.
For the wire and cable business, Wang Hsi-chin stated that its second-quarter performance will be better than the first quarter, mainly because there are no holiday factors affecting the second quarter, and Taiwan Power Company's robust power grid construction and factory construction demands will continue.
Walsin Lihwa also announced its first-quarter financial report. First-quarter revenue was approximately NT$41.07 billion, a decrease of 2% sequentially and 8% year-on-year. Operating gross profit was NT$3.193 billion, operating income was approximately NT$547 million, and net profit attributable to owners of the parent company was NT$3.59 billion, with earnings per share (EPS) of NT$0.81. (Editor: Lin Chia-hien) 1150508
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(Central News Agency reporter Pan Chih-hsin, Taipei, 8th) Wang Hsi-chin, CEO of cable and stainless steel manufacturer Walsin Lihwa, stated today that the performance of its Taiwan and European stainless steel businesses, as well as its wire and cable business, is expected to be better in the second quarter than in the first quarter. The Indonesian nickel pig iron business, which is part of the resource sector, is projected to perform similarly to the first quarter.
Walsin Lihwa held an online institutional investor conference today. Wang Hsi-chin pointed out that benefiting from continuously rising metal raw material prices and China's implementation of stainless steel export control measures, product prices have continued to increase. Coupled with customers' anticipatory psychology, orders have been active, and Taiwan's stainless steel business is expected to perform better in the second quarter than in the first.
Wang Hsi-chin explained that due to China's anti-"involution" policy restricting supply in the stainless steel market, and raw material prices driving customers to replenish inventory, both product prices and volume increased in the second quarter. For the European stainless steel market, affected by the Carbon Border Adjustment Mechanism (CBAM), negotiated imports have decreased, and product prices and order volumes have gradually grown since March, with second-quarter performance expected to be better than the first quarter.
Regarding the resource business, he explained that the tightening of Indonesia's nickel mining policy has reduced the supply of nickel pig iron. In addition, the Indonesian government announced a new nickel pricing mechanism in April, which also fueled nickel ore prices, further pushing up the production cost of nickel pig iron. Therefore, the second-quarter operating conditions are expected to be similar to the first quarter.
For the wire and cable business, Wang Hsi-chin stated that its second-quarter performance will be better than the first quarter, mainly because there are no holiday factors affecting the second quarter, and Taiwan Power Company's robust power grid construction and factory construction demands will continue.
Walsin Lihwa also announced its first-quarter financial report. First-quarter revenue was approximately NT$41.07 billion, a decrease of 2% sequentially and 8% year-on-year. Operating gross profit was NT$3.193 billion, operating income was approximately NT$547 million, and net profit attributable to owners of the parent company was NT$3.59 billion, with earnings per share (EPS) of NT$0.81. (Editor: Lin Chia-hien) 1150508
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The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.