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Walsin breaks ground on plant - Taipei Times

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Walsin Lihwa cuts prices by up to US$250 per tonne

Walsin Lihwa Corp (華新麗華) yesterday lowered the prices of 300-series stainless steel products for delivery next month by as much as US$250 per tonne, due to drops in nickel and other raw material costs, as well as dampened demand amid an uncertain global economy.
The series of cuts was the first since January, ending four consecutive months of price increases.
“The COVID-19 pandemic ruined the confidence of the stainless steel market. There are few orders and customers are using up inventories at a slower pace,” Walsin Lihwa said. “We are cutting our prices to match customer demand.”
Walsin Lihwa said that it has ....

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