
GrafTech attempts to lift electrode prices as its losses mount
Facing weak demand and an “unsustainably low” pricing environment, GrafTech International posted another quarterly loss to close out 2024.
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.