Walsin Lihwa, a stainless steel wire rod and cable manufacturer in Taiwan, expects its stainless steel and cable divisions to outperform their first-quarter results during the second quarter.

CEO and President Shyi-Chin Wang said that rising raw material costs and Chinese export controls drive prices higher in Taiwan. In China, inventory restocking supports growth, and the European market benefits from peak seasonal demand plus the impact of carbon border taxes.

The cable sector predicts second-quarter growth as power grid projects and factory construction persist without holiday interruptions. Meanwhile, the resources segment should remain stable through the second quarter despite rising production costs for nickel pig iron in Indonesia.

Looking ahead, the company aims to complete its new subsea cable plant, a joint venture with NKT HV Cables AB, by the end of this year. This facility will eventually supply offshore wind farms, with revenue contributions starting as early as 2028.