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UHP Graphite Electrode (600MM) Price Trend Analysis 2026: Price Drivers, Historical Prices, Market Insights, Supply Demand Analysis & Latest News
UHP Graphite Electrode (600MM) Price Trend Q1 2025
During Q1’25, UHP Graphite Electrode (600MM) prices demonstrated a notable upward trajectory after experiencing relative stability in late 2024. The quarter began with modest price levels but gained momentum as market dynamics shifted favourably for manufacturers. By February, prices strengthened considerably due to supply constraints and increased demand from steel producers utilizing electric arc furnaces.
The market received significant support in March when Japan announced a 95.2% anti-dumping duty on Chinese graphite electrode exports, effective March 29. This regulatory action prompted immediate price adjustments across global markets. Chinese manufacturers responded proactively by implementing price hikes for high-power grade electrodes, which further accelerated the upward trend.
Indian manufacturers like HEG and Graphite India benefited substantially from these developments, as their export competitiveness improved. The quarter closed with UHP electrode prices showing an approximate 7% increase from January levels, representing the strongest quarterly performance since early 2023. Steel mills worldwide scrambled to secure supplies, particularly for premium 600MM UHP electrodes, amid concerns about potential shortages.
Analyst Insight
According to Procurement Resource, the Graphite Electrode market is expected to remain bullish through mid-2025 as Japanese tariffs reshape global trade flows and Chinese supply becomes more expensive. However, new capacity additions planned for late 2025 may eventually moderate price growth.
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UHP Graphite Electrode prices followed a consistent downward trajectory throughout the second half of 2024. This decline was most pronounced in the third quarter and continued, albeit at a slower pace, during Q4. The price erosion stemmed primarily from an imbalance between supply and demand fundamentals across major markets.
The North American market saw prices drop due to high import levels and weak domestic demand. Electric vehicle production adjustments and construction sector slowdowns reduced consumption significantly. European prices fell even more sharply, with Germany experiencing the steepest decline amid manufacturing weakness and plummeting EV registrations. Battery electric vehicle sales contracted substantially year-over-year, creating additional downward pressure.
In the APAC region, particularly China, prices decreased steadily as manufacturers scaled back production in response to weakening demand. Export activity diminished due to tighter controls and geopolitical tensions. The supply-demand gap widened as key consuming sectors like construction and automotive underperformed expectations.
Seasonal factors amplified these trends, with Q4 showing typical year-end slowdowns across regions. Despite governmental efforts to diversify supply chains, the market remained oversupplied throughout the period.
About UHP Graphite Electrode (600MM)
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.
UHP Graphite Electrode (600MM) Product Detail
Hs Code
85451100
Industrial Uses
To produce alloy steel, metal and other non-metallic materials in DC electric arc furnaces, AC arc furnace, Submerged arc furnace and Ladle furnaces.
Synonyms
600mm UHP Graphite Electrode, UHP 600 graphite electrodes
Supplier Database
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.
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Our Price Analysis Methodology
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