India's graphite electrode makers extend gains after China price hike

HEG Advanced Materials

26/03/2025 09:04

** Shares of graphite electrode makers HEG HEGL.NS and Graphite India GRPH.NS rise 4% and 2.2%, respectively

** HEGL and GRPH gained about 12% and 8%, respectively, in the previous session as well

** Japan imposes 95.2% anti-dumping duty on graphite electrode exports from China for four months, effective from March 29

** China hikes prices of high-power graphite electrodes, effectively passing on duty to customers

** "This will push up domestic high-power graphite electrode prices by 7%, benefitting HEGL which earns 33% of its revenue from domestic markets," says ICICI Direct

** GRPH is also likely to gain from the electrode price hike due to its strong market presence in India, adds ICICI  Direct

** HEGL and GRPH shares are down 2.5% and 10.6% in 2025 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))