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The Current Market Situation of Graphite Electrode and The Future Development Prospect of Graphite Electrode

Graphite electrode is a kind of high temperature resistant graphite conductive material, graphite electrode can conduct current and power generation, so as to melt the waste iron or other raw materials in the blast furnace to produce steel and other metal products, mainly used in steel production.

Current situation of the graphite electrode market

1. Production
Graphite electrode is the only material with low resistivity and withstand the thermal gradient in the arc furnace. The main characteristics of graphite electrode production are long production cycle, large electric energy consumption and complex production process. Data show that the production of graphite electrodes in China is expected to reach 1,089,400 tons in 2023.

2. Downstream application
Iron and steel smelting is the main application field of graphite electrode, and electric furnace steelmaking is a large user of graphite electrode. Graphite electrode for steelmaking accounts for 70%~80% of the total amount of graphite electrode. The world's major steel producing countries are mainly electric furnace steelmaking, and the demand for graphite electrode is large, and China's graphite electrode production capacity accounts for more than 50% of the global production capacity.

Future development prospect of graphite electrode

1. Good policies to promote the development of the industry
In recent years, the Chinese government has issued a series of regulations and policies to accelerate the technological innovation of graphite electrode manufacturers, promote industrial integration, and eliminate backward production capacity. This will facilitate an environmentally friendly production process and the ability to manufacture high-quality graphite electrodes.

2. Advanced and mature technology
Technological innovation has greatly promoted the industrial transformation and upgrading of China's graphite electrode industry. Advanced and mature technologies are very important for manufacturing high-quality graphite electrodes and reducing energy consumption during the production of graphite electrodes.

3. The industrial and export development environment is good
Stable industrial development is one of the driving forces of China's graphite electrode market. On the other hand, with the continuous improvement of the technology level and product competitiveness of China's graphite electrode industry, China's graphite electrode will be more and more recognized and trusted by overseas customers.


Post time: May-08-2023