UHP Graphite Electrode (600MM) prices followed a stable-to-firm trend in Q1’26 across Asia, Europe, and North America. Asia saw firmer sentiment in March as petroleum coke and needle-coke-linked inputs strengthened, while Indian steel demand offered better support than China. Europe remained cost-supported but demand-limited, as weak steel output restricted full pass-through of higher energy and logistics costs. North America showed firmer conditions due to higher oil-based raw material, power, and freight costs, supported by relatively steadier electric furnace steel demand. Meanwhile, the Iran war and Strait of Hormuz closure raised shipment risk sharply, with only nine vessels navigating the route on March 2 compared with 135 vessels/day during February, adding pressure to oil-linked carbon inputs and electrode freight costs.
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According to Procurement Resource, near term, prices may remain firm if coke, power, and freight costs stay elevated. Stronger steel mill buying would be needed for a sharper increase.
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During H2 2025, the UHP Graphite Electrode (600 mm) market transitioned into a more balanced phase as raw material availability improved and electrode supply became more comfortable across major regions. Increased needle coke production and stable manufacturing output reduced concerns regarding supply shortages that had previously supported prices. Demand from EAF steel producers remained healthy but moderated amid slower industrial activity, cautious steel production planning, and weaker manufacturing growth in several economies. Chinese suppliers increased their presence in export markets, intensifying competition and improving product availability globally. Inventory levels across steel mills gradually normalized, reducing the urgency for large-volume purchases and encouraging a hand-to-mouth procurement strategy. Meanwhile, lower freight volatility and easing logistics bottlenecks improved supply chain efficiency. Despite softer near-term demand conditions, long-term market fundamentals remained favorable due to continued investments in EAF steelmaking capacity, decarbonization initiatives, and stricter environmental regulations encouraging the shift away from blast furnace-based steel production. These factors helped prevent a sharper market correction and supported overall market stability during the second half of the year.
UHP Graphite Electrode (600MM) is an ultra-high power graphite electrode with a diameter of ≥600mm. It is mainly used in ultra-high-power steelmaking arc furnaces and is widely employed to produce alloy steel, metal and other non-metallic materials.
To produce alloy steel, metal and other non-metallic materials in DC electric arc furnaces, AC arc furnace, Submerged arc furnace and Ladle furnaces.
600mm UHP Graphite Electrode, UHP 600 graphite electrodes
Fangda Carbon New Material Technology Co. Ltd, Dan Carbon Group, GrafTech International, Graphite India Limited, Jilin Carbon Co. Ltd, SHOWA DENKO K.K., Tokai Carbon, SEC Carbon, Ltd.
CurrencyUS$ (Data can also be provided in local currency)
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