GrafTech Supports Investigation into Unfair Graphite Electrode Pricing from China and India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
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Source: Newsfilter
- Industry Protection Initiative: GrafTech International Ltd. has expressed its support for a petition to the U.S. Department of Commerce and the ITC, seeking an investigation into whether China and India are exporting large diameter graphite electrodes at unfair prices, aiming to protect the integrity of the U.S. graphite electrode industry.
- Price Manipulation Allegations: The petition alleges that exports from India and China are priced below fair value, with expert analysis indicating potential duties of up to 74% for Indian exports and up to 147% for Chinese exports, which could severely impact the domestic market.
- Subsidy Impact Assessment: The petition also accuses the governments of China and India of providing subsidies for the production and export of graphite electrodes, exacerbating unfair competition, which GrafTech believes undermines the sustainability of American manufacturing.
- Company Strategic Position: GrafTech's CEO Timothy Flanagan emphasized that ensuring fair competition is vital for the sustainability of the U.S. manufacturing and steel industries, indicating the company's commitment to actively participating in actions that protect industry interests.
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Analyst Views on EAF
Wall Street analysts forecast EAF stock price to rise
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 7.120
Low
11.00
Averages
15.33
High
21.00
Current: 7.120
Low
11.00
Averages
15.33
High
21.00
About EAF
GrafTech International Ltd. is a manufacturer of graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, which are located in Calais, France; Pamplona, Spain; Monterrey, Mexico, and St. Marys, Pennsylvania. Its segment, Industrial Materials, is comprised of two major product categories: graphite electrodes and petroleum needle coke products. Graphite electrodes are an industrial consumable product used primarily in EAF steel production, one of the two primary methods of steel production and the steelmaking technology used by all mini mills. Petroleum needle coke, a crystalline form of carbon derived from decant oil, is the key raw material it uses in the production of graphite electrodes. It sells its graphite electrodes primarily through its direct sales force, independent sales representatives, and distributors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GrafTech Supports Investigation into Unfair Graphite Electrode Pricing from China and India
- Support for Investigation: GrafTech International Ltd. announced its backing for a petition to the U.S. Department of Commerce and the ITC to investigate whether China and India are exporting large diameter graphite electrodes at unfair prices, demonstrating the company's commitment to protecting the integrity of the U.S. graphite electrode industry.
- Price Allegations: The petition alleges that exports of graphite electrodes from India may be priced unfairly by up to 74%, while those from China could be as high as 147%, which could severely impact the domestic industry and lead to the imposition of additional duties.
- Industry Impact: CEO Timothy Flanagan emphasized that ensuring fair competition is vital for the sustainability of American manufacturing and the steel industry, indicating the company's strong stance on maintaining industry interests.
- Competitive Advantage: As the only large-scale graphite electrode producer substantially vertically integrated into petroleum needle coke, GrafTech's unique position provides it with competitive advantages, enabling effective responses to unfair trade practices.
See More
GrafTech Supports Investigation into Unfair Graphite Electrode Pricing from China and India
- Industry Protection Initiative: GrafTech International Ltd. has expressed its support for a petition to the U.S. Department of Commerce and the ITC, seeking an investigation into whether China and India are exporting large diameter graphite electrodes at unfair prices, aiming to protect the integrity of the U.S. graphite electrode industry.
- Price Manipulation Allegations: The petition alleges that exports from India and China are priced below fair value, with expert analysis indicating potential duties of up to 74% for Indian exports and up to 147% for Chinese exports, which could severely impact the domestic market.
- Subsidy Impact Assessment: The petition also accuses the governments of China and India of providing subsidies for the production and export of graphite electrodes, exacerbating unfair competition, which GrafTech believes undermines the sustainability of American manufacturing.
- Company Strategic Position: GrafTech's CEO Timothy Flanagan emphasized that ensuring fair competition is vital for the sustainability of the U.S. manufacturing and steel industries, indicating the company's commitment to actively participating in actions that protect industry interests.
See More
GrafTech International Q4 2025 Earnings Call Insights
- Market Challenges Intensify: CEO Timothy Flanagan highlighted that the graphite electrode industry is facing significant challenges, including global overcapacity and aggressive competitor behavior, leading to subdued sales growth, particularly in the U.S., despite a 6% increase in overall sales volume for the year.
- Cost Control Effectiveness: The company reported an 11% reduction in cash cost of goods sold per metric ton, achieving a cumulative reduction of 31% over two years, driven by enhanced procurement strategies and disciplined production scheduling, ensuring financial stability amid industry difficulties.
- Strong Liquidity Position: GrafTech ended the year with a liquidity position of $340 million, including $138 million in cash, allowing the company to maintain operational stability and address future uncertainties despite ongoing industry challenges.
- Cautious 2026 Outlook: The company anticipates a 5% to 10% growth in sales volume for 2026, with approximately 65% of this volume already committed, reflecting confidence in future market conditions, although management remains cautious regarding pricing recovery.
See More
GrafTech International Reports Q4 Earnings Miss
- Earnings Miss: GrafTech International reported a Q4 non-GAAP EPS of -$2.45, missing estimates by $1.29, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company’s Q4 revenue of $116.46 million fell 13.2% year-over-year and missed expectations, reflecting weak market demand and increased competition, which may pressure future performance.
- Sales Volume Stability: While Q4 sales volume remained flat year-over-year, a 6% increase for the full year demonstrates resilience in a challenging market environment, particularly highlighted by strong performance in the U.S. market.
- U.S. Market Growth: Sales volume in the U.S. surged 83% year-over-year in Q4 and 48% for the full year, indicating the company’s successful strategic shift towards this key region, which is likely to strengthen its market position moving forward.
See More
GrafTech International Highlights 2025 Financial Results
- Sales Volume Growth: GrafTech achieved a 6% increase in sales volume for 2025, with a remarkable 48% growth in the U.S. market, indicating the company's ability to seize market opportunities even in a challenging environment, thereby enhancing its competitive position in North America.
- Effective Cost Control: The company reported an 11% year-over-year reduction in cash cost of goods sold per metric ton for 2025, reflecting ongoing efforts in production efficiency and cost management, which helps maintain a degree of profitability despite declining overall sales revenue.
- Stable Liquidity: As of December 31, 2025, GrafTech maintained liquidity of $340 million, providing a solid financial foundation for future growth despite industry challenges, showcasing the company's financial health.
- Optimistic Outlook: The company anticipates a slight increase in global demand for graphite electrodes in 2026 and aims for a 5-10% year-over-year sales volume growth, demonstrating confidence in its market share and customer value proposition, even amid intense pricing competition.
See More
GRAFTECH INTERNATIONAL LTD: PROJECTING 5-10% YEARLY SALES VOLUME GROWTH FOR 2026 ON AN ANNUAL BASIS
- Sales Growth Expectation: GRAFT International Ltd. anticipates a 5-10% year-over-year increase in sales volume for 2026.
- Full-Year Basis: The projected growth is based on a full-year analysis, indicating a positive outlook for the company's performance.
See More
GrafTech Supports Investigation into Unfair Graphite Electrode Pricing from China and India
- Support for Investigation: GrafTech International Ltd. announced its backing for a petition to the U.S. Department of Commerce and the ITC to investigate whether China and India are exporting large diameter graphite electrodes at unfair prices, demonstrating the company's commitment to protecting the integrity of the U.S. graphite electrode industry.
- Price Allegations: The petition alleges that exports of graphite electrodes from India may be priced unfairly by up to 74%, while those from China could be as high as 147%, which could severely impact the domestic industry and lead to the imposition of additional duties.
- Industry Impact: CEO Timothy Flanagan emphasized that ensuring fair competition is vital for the sustainability of American manufacturing and the steel industry, indicating the company's strong stance on maintaining industry interests.
- Competitive Advantage: As the only large-scale graphite electrode producer substantially vertically integrated into petroleum needle coke, GrafTech's unique position provides it with competitive advantages, enabling effective responses to unfair trade practices.
See More
GrafTech Supports Investigation into Unfair Graphite Electrode Pricing from China and India
- Industry Protection Initiative: GrafTech International Ltd. has expressed its support for a petition to the U.S. Department of Commerce and the ITC, seeking an investigation into whether China and India are exporting large diameter graphite electrodes at unfair prices, aiming to protect the integrity of the U.S. graphite electrode industry.
- Price Manipulation Allegations: The petition alleges that exports from India and China are priced below fair value, with expert analysis indicating potential duties of up to 74% for Indian exports and up to 147% for Chinese exports, which could severely impact the domestic market.
- Subsidy Impact Assessment: The petition also accuses the governments of China and India of providing subsidies for the production and export of graphite electrodes, exacerbating unfair competition, which GrafTech believes undermines the sustainability of American manufacturing.
- Company Strategic Position: GrafTech's CEO Timothy Flanagan emphasized that ensuring fair competition is vital for the sustainability of the U.S. manufacturing and steel industries, indicating the company's commitment to actively participating in actions that protect industry interests.
See More
GrafTech International Q4 2025 Earnings Call Insights
- Market Challenges Intensify: CEO Timothy Flanagan highlighted that the graphite electrode industry is facing significant challenges, including global overcapacity and aggressive competitor behavior, leading to subdued sales growth, particularly in the U.S., despite a 6% increase in overall sales volume for the year.
- Cost Control Effectiveness: The company reported an 11% reduction in cash cost of goods sold per metric ton, achieving a cumulative reduction of 31% over two years, driven by enhanced procurement strategies and disciplined production scheduling, ensuring financial stability amid industry difficulties.
- Strong Liquidity Position: GrafTech ended the year with a liquidity position of $340 million, including $138 million in cash, allowing the company to maintain operational stability and address future uncertainties despite ongoing industry challenges.
- Cautious 2026 Outlook: The company anticipates a 5% to 10% growth in sales volume for 2026, with approximately 65% of this volume already committed, reflecting confidence in future market conditions, although management remains cautious regarding pricing recovery.
See More
GrafTech International Reports Q4 Earnings Miss
- Earnings Miss: GrafTech International reported a Q4 non-GAAP EPS of -$2.45, missing estimates by $1.29, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company’s Q4 revenue of $116.46 million fell 13.2% year-over-year and missed expectations, reflecting weak market demand and increased competition, which may pressure future performance.
- Sales Volume Stability: While Q4 sales volume remained flat year-over-year, a 6% increase for the full year demonstrates resilience in a challenging market environment, particularly highlighted by strong performance in the U.S. market.
- U.S. Market Growth: Sales volume in the U.S. surged 83% year-over-year in Q4 and 48% for the full year, indicating the company’s successful strategic shift towards this key region, which is likely to strengthen its market position moving forward.
See More
GrafTech International Highlights 2025 Financial Results
- Sales Volume Growth: GrafTech achieved a 6% increase in sales volume for 2025, with a remarkable 48% growth in the U.S. market, indicating the company's ability to seize market opportunities even in a challenging environment, thereby enhancing its competitive position in North America.
- Effective Cost Control: The company reported an 11% year-over-year reduction in cash cost of goods sold per metric ton for 2025, reflecting ongoing efforts in production efficiency and cost management, which helps maintain a degree of profitability despite declining overall sales revenue.
- Stable Liquidity: As of December 31, 2025, GrafTech maintained liquidity of $340 million, providing a solid financial foundation for future growth despite industry challenges, showcasing the company's financial health.
- Optimistic Outlook: The company anticipates a slight increase in global demand for graphite electrodes in 2026 and aims for a 5-10% year-over-year sales volume growth, demonstrating confidence in its market share and customer value proposition, even amid intense pricing competition.
See More
GRAFTECH INTERNATIONAL LTD: PROJECTING 5-10% YEARLY SALES VOLUME GROWTH FOR 2026 ON AN ANNUAL BASIS
- Sales Growth Expectation: GRAFT International Ltd. anticipates a 5-10% year-over-year increase in sales volume for 2026.
- Full-Year Basis: The projected growth is based on a full-year analysis, indicating a positive outlook for the company's performance.
See More
