Graphite electrode is used in two sectors of electrical consumption and metal products, including silicon metals and steel, by the electric arc furnace (EAF) method, which considering the growth of related industries, including the aviation, electronics and packaging industry, the market of graphite electrodes is expected to experience an upward trend.
The global import and export volume of graphite electrodes was around 2.6Mt and 3.6Mt, respectively, in 2021 Iceland is the largest importer with an import share of 17% and China is the largest exporter of graphite electrodes with 65% of the market share.