Economy
October 12, 2017
Tight Supply of Electrodes Jolts Stainless Minimills
Written by Tim Triplett
Tight supplies of graphite electrodes used in the electric arc furnace steelmaking process have raised electrode prices to the point that at least two stainless steel mills have increased their surcharges.
Outokumpu was the first with a surcharge of 30 euros (about $35.50) per metric ton on Sept. 27 in most markets except the U.S. AK Steel followed with a $13.20 per short ton electrode surcharge effective with November shipments.
