Showing posts from January 27, 2018

Graphite Electrode theme is still hot !

One more interesting article regarding EAF posted on a blog TELEVISORY 

Graphite electrode (GE), which is primarily used in the steel production via Electronic Arc Furnace (EAF) saw a huge surge in its prices in the past 6-8 months. This was due to a sudden and unforeseen deviation in the demand-supply dynamics. In the last 4-5 years, the global GE industry reeled from over capacity. This led to a low GE prices as the demand which is dependent on steel production through EAF route was down due to slow demand growth, excessive supply from China and higher cost of EAF steel production as compared to Basic Oxygen Furnace (BOF) route. However, the demand-supply witnessed a significant shift by June 2017, with demand exceeding the supply (mainly in China). A sudden shift in the industry’s fortune was largely driven by China’s environmental control policy, which led to a phase-out of old, less efficient and polluting units (across industries). China’s steel and GE manufacturing companies were…