Short term trading ideas: Buy Graphite:1106 Sl:1020 target:trailing basis

Buy Graphite:1106 Sl:1020
Graphite India, the largest Indian manufacturer of graphite electrodes, will gain from strong global demand for its product due to increasing steel production and rising pricess

Capacity cuts in China for steel and graphite electrodes has spurred steel production in other countries. Steelmakers globally (except China) are largely opting for electric arc furnaces (EAF) route for steel production, which requires graphite electrodes as a main component. This has resulted in an increase in demand for graphite electrodes.

Further, rising global steel prices have led to rise in graphite electrodes prices. \cr give us comfort. graphite

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