GrafTech International Ltd. (NYSE:EAF) ("GrafTech," the "Company," "we," or "our") today announced it has informed customers that graphite electrode prices will increase by a minimum of $600 to $1,200 per metric ton, depending on region, effective immediately on uncommitted volume.
Over the past three years, market prices for graphite electrodes have declined significantly in each of our key regions and remain below sustainable levels necessary to support continued investment and reliable long-term supply for our customers. In addition, current geopolitical developments are driving increases in our key input costs, including oil‑based raw materials, energy and logistics.
GrafTech has executed a number of strategic initiatives to structurally improve our cost position and operational efficiency. Despite these efforts, our pricing needs to improve. This price increase by GrafTech represents a necessary step to restore pricing on GrafTech's products to levels that we expect will safeguard our regional graphite electrode production and continuity of supply for our customers.