GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our"), a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals, today announced that it has filed a petition with the Department of Trade Defense (“DECOM”) of the Foreign Trade Secretariat, part of Brazil’s Ministry of Development, Industry, Trade, and Services, requesting an investigation into whether graphite electrodes from China and India are being exported to Brazil at unfair prices (the "Petition").
In response to the Petition, on March 11, 2026, DECOM announced the initiation of an investigation to determine the existence of dumping of graphite electrode exports from China and India into Brazil (the “Investigation”). In initiating the Investigation, DECOM made a preliminary assessment that the dumping margins for graphite electrode exports from China and India are 54.9% and 57.3%, respectively. Based on this assessment, DECOM concluded that there is sufficient evidence of dumping to warrant further investigation. The scope of the Investigation covers graphite electrodes with diameters greater than or equal to 350 millimeters, as requested in the Petition.
According to the World Steel Association, crude steel production in Brazil was approximately 33.3 million tons in 2025, making Brazil the ninth-largest steel-producing country globally and underscoring the importance of Brazil for the graphite electrode industry. Ensuring fair graphite electrode pricing is critical to maintaining a reliable supply for Brazil’s electric arc furnace steel producers and supporting the competitiveness of Brazil’s domestic steel industry.
The Petition was submitted by GrafTech Brasil Participações Ltda. (“GrafTech Brazil”). GrafTech Brazil, located in Candeias, Bahia, and operating for more than 50 years, positions GrafTech as the only large-scale graphite electrode producer with manufacturing and service operations in Brazil, supporting the country’s electric arc furnace steel industry.
"We are proud of our long-standing presence in Brazil and the capabilities we have built to support customers in the region," said Timothy Flanagan, Chief Executive Officer and President. "This Petition reflects our commitment to ensuring a level playing field for the graphite electrode industry in Brazil and supporting the long-term viability of our operations and customers in the country. We are confident that DECOM will conduct a thorough investigation and take appropriate action to address any unfair trade practices identified."
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. We believe the Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, our key raw material for graphite electrode manufacturing. This unique position provides us with a number of competitive advantages.
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Michael Dillon
216-676-2000
investor.relations@graftech.com
