19
Apr
04:30
Yulinde profits from electrodes in 2018
Datong Yulinde Graphite Equipment (Yulinde) has reported 2018 operating revenue of CNY 645 million ($96.27m), up 235% year-on-year. Net attributable profit rose by 161% to CNY 148m, Kallanish notes.
Profit was driven by the high price of graphite electrodes. Since early 2017, due to increasing EAF projects and a clampdown on polluting producers, graphite electrode supply has struggled to catch demand, thus pushing up prices. Operating revenue in 2017 increa…
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