Costs for graphite electrodes have soared in recent months due to a lack of availability from China – after environmental inspections there, operations at several producers have been suspended. This has forced some European steelmakers such as ArcelorMittal and Celsa to raise their prices for long products
"Electrodes cost $30,000-35,000 per tonne cfr Turkey, from what I heard. And it was $2,000 per tonne cfr five to six months ago,” one Turkish source told Metal Bulletin.
Turkish electric arc furnace (EAF) mills, having to contend with ballooning...