Shortage of electrodes pushes Turkish mills towards EU billet imports

Steelmakers in Turkey have shown increased interest in booking billet from Europe this week while looking to mitigate the spike in costs and scarcity of graphite electrodes, sources told Metal Bulletin.

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...

Published

September 08, 2017

12:32 GMT

London