Graphite electrodes are consumables in the Electric Arc Furnace (EAF) process of steel production. The Graphite Electrode industry went through a strong turnaround in 2017 due to a change in the demand supply dynamics of the industry. The industry was experiencing a down cycle over the past 5 years due to a situation of excess capacity and weak demand strength.
Analysis indicates that the current trends in the steel industry in China is the largest factor that set off this transition in the industry. The report showcases a detailed demand supply analysis of the major drivers that have changed the graphite electrode industry outlook, which primarily include the decline in steel exports from China, consolidation in graphite electrode capacities globally and growing EAF steel production in China.
On the back of these drivers, the global graphite electrode demand is expected to register a CAGR of ~ 4-5% till 2020. The market for graphite electrodes is set to see rapid expansion with the foreseeable boost in EAF steel production globally. Graphite electrode prices are expected to grow by ~30-40% between 2018 and 2020 on the back of growing demand and constrained supply conditions.
Table of Contents
Samples
LOADING...
Companies Mentioned
- Fangda Carbon
- Graftech International
- Graphite India
- HEG
- Showa Denko
- Tokai Carbon