GrafTech profits drop on world steel output slide

Jul 30, 2013 | 06:29 PM | Rey Mashayekhi

Tags  GrafTech International, graphite electrode, earnings report, Rey Mashayekhi

NEW YORK — GrafTech International Holdings Inc. cited a slowdown in global steel production in reporting second-quarter earnings that plunged from the same period last year.

Parma, Ohio-based GrafTech posted net income of $4.36 million in the three months ended June 30, down 89.6 percent from $41.85 million a year earlier on sales that fell 4.5 percent to $301.36 million.....

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