Graphite electrode is a kind of high temperature resistant graphite conductive material, which is an important consumable in the steelmaking and silicon making industries.
With the gradual advancement of China’s dual-carbon strategy, the iron and steel industry, as an important carbon reduction area, has become more and more strict with environmental protection requirements, and some iron and steel manufacturers have shifted from blast furnace steelmaking to electric arc furnace steel manufacturing. Judging from the current development process of domestic electric arc furnace steelmaking, due to the large difference in the source and quality of scrap steel resource recovery, EAF steelmaking still has a significant gap compared with developed countries (EAF steelmaking is only 9.2%), according to China In the future plan, this number strives to reach 20% in 2025. In this context, the long-term demand space for graphite electrodes has been opened. According to authoritative data, one ton of electric furnace steelmaking needs to consume 0.91-4kg of graphite electrodes. This is a simple calculation. Assuming that the proportion of electric furnace steelmaking can reach 20% in 2025, the use of graphite electrodes only in the field of electric furnace steelmaking will be reduced. An increase of more than 200,000 tons after three years. The compound growth rate in the next three years is expected to exceed 17%.
In 2020, when the epidemic hit, the global supply of graphite electrodes still exceeds demand, with a surplus of 54,500 tons. According to professional institutions, there will be a shortage of supply after 2023, with a gap of 17,900 tons, 39,000 tons and 24,000 tons. Ton.