GrafTech's net falls as EU mill activity slows

Apr 26, 2012 | 11:56 AM |

Tags  GrafTech, steel, steelmakers, Craig Shular

NEW YORK — Graphite electrode maker GrafTech International Ltd. logged lower net income in the first quarter as steelmakers, particularly in Europe, reduced their intake.

"Graphite electrode sales were lower largely due to customer destocking initiatives, especially in Europe where the steel market has slowed considerably in response to recessionary conditions in the region," Craig Shular, chief executive officer of....

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