Taiwan's Walsin Lihwa said the company's performance in the stainless steel industry in the first half of this year is expected to be better than the second half of last year due to China's relaxing epidemic control restrictions boosting consumption and investment.
Walsin has carried out many major investment projects in recent years. The company's resource investment in Indonesia, including nickel matte and nickel pig iron, was expected to start mass production in the first quarter of next year with an annual production capacity of 150,000 tons of nickel metal. According to Walsin's investment rate, it was able to buy about 84,000 tons of nickel metal.
Walsin said that the stainless steel industry has increased and decreased drastically in the past. In addition, to ensure the sourcing of materials, the company had several major investment projects in Indonesia.