Sep. 1 at 6:52 PM
$EAF $EAF here’s some stats: global demand for graphite electrodes:
1.78 million metric tons VS supply: 2.2 million metric tons
Global producers:
China: 70%
U.S.: 18%
Europe/orhers: 12%
Actual global installs 1.5 million metric tons
Actual demand barely 1 million.
50% over production. Cheap cost drive companies unprofitable. China mass produces them at low costs that other companies can’t profit selling them at the prices. Thus, shutting down.
