Ultra-high power graphite electrodes become the mainstream trend in the industry

Ultra-high power graphite electrodes become the mainstream trend in the industry

According to the report "2022-2027 China high power graphite electrode industry market development trend and investment observation advisory report" analysis

In recent years, with the rapid development of China's iron and steel, metal silicon and other industries, China's demand for graphite electrodes continues to increase. In addition, domestic policies support and guide short process steelmaking by electric arc furnace (EAF) to replace converter steelmaking, which further promotes the rapid growth of graphite electrode market demand. The production of China's graphite electrodes also increases year by year. According to data, China's graphite electrode production was 100.9 million tons, up 31.7% year-on-year.

From the perspective of output structure distribution, with our national policies support, the proportion of ultra-high power graphite electrodes output in China has steadily increased in recent years. According to the data, in 2021, China's ultra-high power (UHP) graphite electrode production reached 619000 tons, accounting for about 61%; high-power (HP) graphite electrode production reached 259000 tons, accounting for about 26%; regular power graphite electrodes (RP) production reached 132000 tons, accounting for about 13%.

From the perspective of graphite electrode consumption structure, China's graphite electrode consumption volume in 2020: the exports accounted for about 43%, steel industry demand accounted for about 41%. Among which, UHP graphite electrodes are mainly used for EAF smelting; UHP and HP graphite electrodes are mainly used for external refining; RP graphite electrodes are used for smelting metal silicon, yellow phosphorus and calcium carbide, accounting for 12%, 3% and 1% of the graphite electrode demand respectively.

Ultra-high power graphite electrode products become the mainstream trend in the industry

Graphite electrode is a necessary consumable for EAF steelmaking. With China's strong support for short process EAF steelmaking in recent years. Short process steelmaking, that is, EAF steelmaking. High quality steel and special steel are also made by EAF smelting. Increasing EAF steel proportion is an important measure for China to transform from 'a big steel country' to 'a powerful steel country'. In addition, UHP graphite electrode has the characteristics of high efficiency, low pollution and low cost, which is more suitable for China's environmental protection requirements for energy conservation and consumption reduction. It will be more favored by national market, the demand will continue to grow, which will further promote China's graphite electrode industry development. To learn more about graphite electrode market policies, feel free to contact us.