Major stainless steelmaker Outokumpu has held its graphite electrode surcharge again for August, meaning that this has remained unmoved for a year, Kallanish notes.
The surcharge remains at €30/tonne ($34.76/t), a value it has held since the company first introduced the charge in September 2017. The electrode surcharge concerns all new contracts and spot-orders in Europe, Middle East, Africa, Australia and Asia since 26 September 2017. The graphite electrode surcharge is currently updated monthly.
The fact that Outokumpu has not felt the need to change it since then suggests that the price/supply ratio for graphite electrodes has moved little in the intervening period.
The steelmaker introduced the surcharge at the height of the price surge for what used to be classed as a production consumable. These days it has become a major cost element in electrically-melted steel production.
Less and less companies are publicly commenting on the price of graphite electrodes suggesting that current prices for the product have now been assimilated into cost structures. Italian longs producer Beltrame does continue to highlight the price surge. In June the Beltrame SG plant in Switzerland saw a jump in graphite electrode input costs of over 372.8% compared to June 2017.
The Eurasian Economic Commission, representing primarily countries in the CIS region, has also extended anti-dumping duties on imported Indian graphite electrodes for another five years. A review showed an average price over the first five months of 2018 of $20,856/t for electrodes imported from India (see Kallanish 3 August).