GrafTech Q3 loss widens as electrode demand remains soft
GrafTech International’s third-quarter net loss increased from last year, with the company anticipating continuing weakness in near-term demand for graphite electrodes.
GrafTech International’s third-quarter net loss increased from last year, with the company anticipating continuing weakness in near-term demand for graphite electrodes.
GrafTech cited a “challenging” part of the business cycle as its net loss widened in the second quarter.
GrafTech is reporting weak near-term demand for graphite electrodes as economic uncertainty constrains steel production globally.
GrafTech International has appointed Timothy K. Flanagan as the company’s president and CEO, effective March 26.
Weak demand and pricing for graphite electrodes combined with higher costs are forcing GrafTech to implement cost-cutting procedures and reduce production across its facilities.
Speaking during a fireside chat at the Tampa Steel Conference on Monday, Jan. 29, Hybar CEO David Stickler provided a status update on the company’s new rebar mill project and its plans for the future, including the possibility of a flat-rolled steel mill.
GrafTech International reported a bumpy third quarter. But despite the challenges, the company said it's certain that improvement is on the horizon.
Electrode producer GrafTech International announced on Thursday, Sept. 28 that its president and CEO is stepping down.
When you think about the steel industry, steel mills and service centers are probably at the forefront. But there’s one specific component that often flies under the radar: graphite electrodes.