Graphite electrode demand fluctuates with the electric arc furnace steelmaking industry, overall supply exceeds demand, and graphite electrode price is relatively stable. As the electric arc furnace increasing, graphite electrode demand increases, the prices will rise stably.
Graphite electrode demand
Influenced by the pandemic in 2020, the weak economy hinders the export of graphite electrodes, lots of enterprises loses money in exporting. In the end of the year, due to the increase of raw materials, the destocking volume is getting better, export volume is increasing, and graphite electrode price is increasing steadily.
2020~2025 expected graphite electrode demand of RP, HP and UHP
Graphite electrode future
With steel is applied increasingly in automotive, construction and railway industries, global steel consumption is increasing. More and more domestic policy demand for environmental protection, it’s a tendency for steel enterprises to invest in steelmaking with electric arc furnace, and it will be a positive role in the development of the graphite electrode market.