Future Prospects of Graphite Electrodes

　　Electric arc furnace steelmaking is clean and environmentally friendly, representing a development trend in the metallurgical industry. The increasing demand for graphite electrodes in electric arc furnace steelmaking presents excellent opportunities for graphite electrode manufacturers, suggesting a positive outlook for the future market. As of 2020, key domestic manufacturers of ultra-high power graphite electrodes include Fangda Carbon, Nantong Yangtze Carbon, Jilin Carbon, Pingmei Shenma Group Kaifeng Carbon, Shanxi Sim Donghai Carbon, Shandong Basan Graphite New Materials Factory Henan Sanli Carbon, Dandong Xinxin Carbon, Linzhou Power Carbon, and the Carbon Division of Shanxi Jinneng Group Datong Energy Development Co., Ltd.

　　Future Development Prospects

　　1. The rapid development of electric arc furnace steelmaking drives increased demand for graphite electrodes

　　As a key consumable in electric arc furnaces used in short-process steelmaking, innovations and upgrades in steelmaking processes, the trend of increasing quality and quantity of special steel, the reuse of scrap steel, and the vast future potential of electric arc furnace steelmaking in China will significantly boost the demand for graphite electrodes.

　　2. National policies encourage the development of electric arc furnace steelmaking

　　National policies promote the adjustment of the steel industry's industrial structure and encourage the development of electric arc furnace steelmaking, providing policy support for the development of China's graphite electrode industry.

　　3. Ultra-high power electrodes are the future development trend

　　National industrial policies clearly indicate that the development of ultra-high power electric arc furnaces is an inevitable trend. As one of the main materials for large-scale ultra-high power graphite electrodes, demand will inevitably increase further driven by this need.

　　4. The rational return of graphite electrode prices promotes healthy industry development

　　Stimulated by high prices and high profits of graphite electrodes, the number of graphite electrode projects under construction, expansion, and planning has rapidly increased. Currently, the graphite electrode market is generally in a state of oversupply, with significant market competition. However, price wars among graphite electrode companies do not accurately reflect the immediate market supply and demand situation. As the graphite electrode market rebounds, prices will return to reasonable levels.