Walsin Lihwa, a stainless steel wire rod and cable manufacturer in Taiwan, reported its consolidated revenue of NT$15.72 billion in March, up by 32.49% from February and by 2.51% year on year, hitting an 11-month high.

The company’s first-quarter revenue reached NT$41.06 billion, reflecting a recovery in demand after a slow start to the year. This growth was largely driven by rising raw material costs, with London Metal Exchange (LME) nickel prices exceeding US$18,000 and copper prices trending upward.

Walsin Lihwa has raised stainless steel prices for five consecutive months to account for these market changes. Additionally, ongoing orders from Taipower’s Grid Resilience Strengthening Construction Plan support the electrical cable division. With stainless steel demand rebounding after the Lunar New Year, the firm expects a positive performance trend for the upcoming months.