GrafTech reported higher shipments and sales in the third quarter, but continued to lose money. It attributed the continued losses to persistent pricing pressure and global trade uncertainty.
GrafTech International attributed its second-quarter net loss to a non-cash tax expense and lower weighted average realized prices.
GrafTech International reported a wider net loss in the first quarter amid “global economic uncertainty” and “fluid” global trade policies.
Facing weak demand and an “unsustainably low” pricing environment, GrafTech International posted another quarterly loss to close out 2024.
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.
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.