Tang Eng Iron Works has issued flat prices for its July stainless steel products, snapping a seven-month streak of consecutive price increases. The decision covers its main 304 hot-rolled and cold-rolled coils as well as 316L surcharges, aligning with major upstream peers Yusco and Walsin Lihwa, which also rolled over their rates yesterday, keeping both sheet products and wire rods steady across the industry. The move marks a temporary pause to seven months of sustained price increases, bringing a period of stability to Chinese Taiwan's domestic stainless steel market.

On July 2, total rebar inventory this week was 659.54 mt, up 169,800 mt WoW, or 2.64% WoW, and up 25.38% YoY on a lunar calendar basis; wire rod mill inventory was 880,300 mt, up 25,600 mt WoW, or 3.0% WoW, and up 65.26% YoY on a lunar calendar basis.

Walsin Lihwa has issued flat pricing for its July stainless steel wire rods, ending seven consecutive months of price increases, with 200, 300, and 400 series products all held unchanged, mirroring Yusco's decision to freeze prices for the month. A stronger US dollar has pressured metal markets, weighing on key raw materials such as nickel and stainless steel scrap. Offsetting factors include rising ferromolybdenum costs and peak summer electricity rates, which continue to add financial pressure on manufacturing operations. Balancing these conflicting cost dynamics against customer needs, Walsin Lihwa opted for a stable pricing approach to safeguard buyers' market competitiveness.

During the survey period (June 23–June 29), the production and capacity utilization rates of rebar and wire rod in Central China remained stable.

Vedanta-owned Bharat Aluminium Company Limited (BALCO) highlighted the importance of its aluminium wire rod business in supporting India’s power transmission, distribution and infrastructure sectors. Produced at BALCO’s Korba facility in Chhattisgarh, the electrical-grade aluminium wire rods are supplied to cable and conductor manufacturers for use in power lines, electrical networks and industrial applications. The company offers both conductor-grade and specialty alloy wire rods for applications ranging from building cables to high-voltage transmission systems. As India continues expanding its power grid and renewable energy capacity, demand for aluminium conductors and cables is expected to grow steadily. BALCO’s integrated production model, covering alumina, primary aluminium and finished wire rods, helps ensure product quality and supply stability. However, the business remains exposed to fluctuations in aluminium prices, energy costs and competition from domestic and international suppliers.

Walsin Lihwa expects Q2 earnings to substantially surpass Q1, with over NT$3.5 billion in gains from selling shares of Winbond and Walton Advanced Engineering set to be recognized in the quarter, contributing more than NT$0.8 per share. Q1 net profit reached NT$3.58 billion, up 428% YoY at NT$0.81 per share. May revenue rose 12.4% MoM to a one-year high of NT$17.46 billion (+11.13% YoY), driven by seven consecutive months of stainless steel price hikes including a NT$3,000/ton increase for 304 wire rods in June. Separately, rising international copper and nickel prices combined with heavy foreign investment drove the company's stock to its NT$37.7 daily limit last Friday (June 12).