07
Aug
20:04
GrafTech halves spending for remainder of 2020
US graphite electrode producer GrafTech has reduced capital expenditures for the balance of fiscal 2020 by approximately -50% due to a projected decline in demand for the remainder of the year, Kallanish reports.
According to the company, the effects of the Covid-19 pandemic on steel demand has led to significant declines in customer demand. During the second quarter, approximately 35 of GrafTech's customers have cited "...unforeseeable circumstances"…
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Very good overview of the weekly steel market.
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