To Reduce Annual Graphite Electrode Production Capacity In Japan And Europe From 56,000 Tons To 32,000 Tons By July 2025

Tokai Carbon

16/07/2024 07:09

July 16 (Reuters) - Tokai Carbon Co Ltd  5301.T :
    * TOKAI CARBON CO LTD - TO REDUCE ANNUAL GRAPHITE ELECTRODE
PRODUCTION CAPACITY IN JAPAN AND EUROPE FROM 56,000 TONS TO
32,000 TONS BY JULY 2025
    * TOKAI CARBON CO LTD - TO END GRAPHITE ELECTRODE PRODUCTION
AT
JAPAN'S SHIGA PLANT BY JULY 2025
    * TOKAI CARBON CO LTD - NO CHANGE IN PRODUCTION CAPACITY IN
NORTH
AMERICA (40,000 TONS PER YEAR)
    * TOKAI CARBON - IN ADDITION TO DECLINE IN GRAPHITE
ELECTRODE
DEMAND CAUSED BY SLUGGISH GLOBAL STEEL PRODUCTION, INFLUX OF
LOW-PRICED PRODUCTS FROM CHINA/INDIA INTO ASIA, EUROPE, MIDDLE
EAST HAVE SIGNIFICANTLY DETERIORATED MARKET CONDITIONS

Source text for Eikon:  ID:nTSsp86028 
Further company coverage:  5301.T 

 (Reporting by Kantaro Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))