GrafTech Announces Filing of Trade Petition with the Government of Brazil Regarding Unfairly Priced Graphite Electrode Imports

GrafTech International Ltd. (NYSE: EAF) ("GrafTech," the "Company," "we," or "our"), a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals, today announced that it has filed a petition with the Department of Trade Defense (“DECOM”) of the Foreign Trade Secretariat, part of Brazil’s Ministry of Development, Industry, Trade, and Services, requesting an investigation into whether graphite electrodes from China and India are being exported to Brazil at unfair prices (the "Petition").

In response to the Petition, on March 11, 2026, DECOM announced the initiation of an investigation to determine the existence of dumping of graphite electrode exports from China and India into Brazil (the “Investigation”). In initiating the Investigation, DECOM made a preliminary assessment that the dumping margins for graphite electrode exports from China and India are 54.9% and 57.3%, respectively. Based on this assessment, DECOM concluded that there is sufficient evidence of dumping to warrant further investigation. The scope of the Investigation covers graphite electrodes with diameters greater than or equal to 350 millimeters, as requested in the Petition.

According to the World Steel Association, crude steel production in Brazil was approximately 33.3 million tons in 2025, making Brazil the ninth-largest steel-producing country globally and underscoring the importance of Brazil for the graphite electrode industry. Ensuring fair graphite electrode pricing is critical to maintaining a reliable supply for Brazil’s electric arc furnace steel producers and supporting the competitiveness of Brazil’s domestic steel industry.

The Petition was submitted by GrafTech Brasil Participações Ltda. (“GrafTech Brazil”). GrafTech Brazil, located in Candeias, Bahia, and operating for more than 50 years, positions GrafTech as the only large-scale graphite electrode producer with manufacturing and service operations in Brazil, supporting the country’s electric arc furnace steel industry.

"We are proud of our long-standing presence in Brazil and the capabilities we have built to support customers in the region," said Timothy Flanagan, Chief Executive Officer and President. "This Petition reflects our commitment to ensuring a level playing field for the graphite electrode industry in Brazil and supporting the long-term viability of our operations and customers in the country. We are confident that DECOM will conduct a thorough investigation and take appropriate action to address any unfair trade practices identified."

About GrafTech

GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. We believe the Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, our key raw material for graphite electrode manufacturing. This unique position provides us with a number of competitive advantages.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect our current views with respect to, among other things, financial projections, plans and objectives of management for future operations, future economic performance and short-term and long-term liquidity. Examples of forward-looking statements include, among others, statements we make regarding future estimated volume, pricing and revenue, and anticipated levels of capital expenditures and cost of goods sold. You can identify these forward-looking statements by the use of forward-looking words such as “will,” “may,” “plan,” “estimate,” “project,” “believe,” “anticipate,” “expect,” “foresee,” “intend,” “should,” “would,” “could,” “target,” “goal,” “continue to,” “positioned to,” “are confident,” or the negative versions of those words or other comparable words. Any forward-looking statements contained in this press release are based upon our historical performance and on our current plans, estimates and expectations considering information currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates, or expectations contemplated by us will be achieved. Our expectations and targets are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations and targets. These forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to: the legal, compliance, economic, social and political risks associated with our substantial operations in multiple countries; and uncertain shifts in domestic and foreign trade policies and the possibility that the imposition of current, new or increased custom duties and tariffs and trade barriers in the countries in which we, our customers and our suppliers operate could adversely affect our ability to compete, operations, results of operations and financial condition. These factors should not be construed as exhaustive and should be read in conjunction with the Risk Factors and other cautionary statements that are included in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other filings with the SEC. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Except as required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. You should specifically consider the factors identified in this press release, in our Annual Report on Form 10-K and in our Quarterly Reports on Form 10-Q that could cause actual results to differ before making an investment decision to purchase our common stock. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312665833/en/

Michael Dillon
216-676-2000
investor.relations@graftech.com