It is reported that Yieh Hsing denied that rumor that the company has raised the wire rod prices by TWD 500 per tonne ahead of the schedule on January 31st 2011.

Yieh Hsing stated that the company will announce the new quotes of wire rod on January 31st 2011 as schedule.

However, the company admitted that as the Chinese New Year holiday is close to January 31st 2011, the company will accept orders from this time to prepare materials for customers and arrange the production line in advance.

(Sourced from YIEH.corp)