From Investing.com: 2024-07-28 11:02:01

GrafTech International (EAF) reported a 6% increase in sales volume for Q2 2024 despite challenges in the graphite electrode industry. The company anticipates growth for the full year and is actively managing production capacity. GrafTech remains optimistic about long-term opportunities in the steel and electric vehicle markets. Although a net loss of $15 million was reported, the company is focused on cost reduction, safety, sustainability, and EV initiatives to enhance shareholder value. Analysts do not expect profitability this year given current industry headwinds, but GrafTech is positioning itself to capitalize on future growth opportunities.



Read more at Investing.com: GrafTech navigates industry headwinds, eyes EV market growth By Investing.com