In recent years, the global graphite electrode market has grown steadily driven by demand from various industries. One of the main industries driving demand is the steel industry. Graphite electrodes are an integral part of the steelmaking process and are used in electric arc furnace (EAF) steelmaking.

 Imports of graphite electrodes have been growing steadily in recent years due to growing steel demand in emerging economies such as India, Brazil, Egypt, Iran, Turkey, and Thailand. These emerging economies have been expanding their steel production capacity, leading to a surge in demand for graphite electrodes.

 India, in particular, has emerged as a major buyer of graphite electrodes, with the country importing more than 30% of total global demand. With the Indian government aiming to increase the country’s steel production capacity to 300 million tonnes by 2023, demand for graphite electrodes is only expected to increase further.

 Another emerging economy, Brazil, which is the world’s ninth-largest steel producer, has been investing heavily in its steel sector. Like India, Brazil’s demand for graphite electrodes has been growing steadily, with the country importing more than 10% of global demand. 

 Imports of graphite electrodes from Egypt, Germany, Turkey, Thailand and other countries are also increasing steadily. These countries have been investing in their steel production capacity, leading to a surge in demand for graphite electrodes.

 Furthermore, ultra-high power (UHP) graphite electrodes are gaining popularity among steel producers due to their superior performance and higher energy efficiency compared to conventional EAF graphite electrodes. Ultra-high purity graphite electrodes are expected to account for a significant portion of the total graphite electrode demand in the global market.

 In summary, the global graphite electrode market has been growing steadily in recent years, driven by demand from emerging economies such as India, Brazil, Egypt, Iran, Turkey, and Thailand. The demand for graphite electrodes is only expected to increase in the coming years with increasing investments in the steel industry and the shift to UHP graphite electrodes.