Steel Products
GrafTech Restarts Monterrey Ops
Written by Becca Moczygemba
November 20, 2022
GrafTech Mexico SA de CV is resuming operations after a brief hiatus.The Brooklyn Heights, Ohio-based graphite electrode producer initially announced the operational pause due to an operational license being out of date on Sept. 15, 2022.
“We are pleased to have received an order that allows for the immediate restart of our operations in Mexico,” said Marcel Kessler, CEO and president. “We remain committed to being a good corporate citizen and positively supporting the communities in which we operate, and we look forward to expanding our engagement with the Monterrey community for many years to come.”
Despite being back up and running, GrafTech expects a delay in approximately 10,000–12,000 metric tons of customer orders, which will impact its fourth quarter results.
The Monterrey facility, which employs over 550 employees, produces around 60,000 metric tons of electrodes annually, equating to around 30% of GrafTech’s overall annual capacity.
By Becca Moczygemba, Becca@SteelMarketUpdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.
Whirlpool says tariffs will bolster business
“Economically, the business case for products made in the us has become a lot more attractive," the CEO told Fox Business.
Worthington Enterprises buys Elgen Manufacturing
Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.