06
Aug
14:09
Covid-19 pulls down GrafTech earnings
US graphite electrode producer GrafTech saw its sales, profits, and average selling prices dip in the second quarter due to disruption from Covid-19, Kallanish reports.
GrafTech earned $93 million on sales of $281m during the quarter, down from earnings of $196m on sales of $480m in Q2 2019.
Spot pricing for graphite electrodes sunk to $5,500/tonne during the quarter, and the company expects “...further market spot price erosion in the third qua…
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