GrafTech Announces Support of Trade Case Filed With the United States Government Over Anticompetitive Graphite Electrode Pricing

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 its support for the petition to the U.S. Department of Commerce and the U.S. International Trade Commission ("ITC") to investigate whether China and India are exporting large diameter graphite electrodes ("LDGE") at unfair prices in the United States (the "Petition").

The Petition asserts that China and India are harming the domestic graphite electrode industry by exporting LDGE at less than fair value and that the governments of China and India are providing subsidies with respect to the manufacture, production, and export of LDGE. Based on expert analysis performed by Kelley Drye and Warren LLP, the law firm managing the case, the Petition includes margin allegations of up to 74% for LDGE exports from India and up to 147% for LDGE exports from China. The Petition seeks additional duties to address government subsidization of the graphite electrode industries in India and China. For the purpose of the Petition, LDGE is defined as large diameter graphite electrodes exceeding 425 millimeters (16.7 inches) in diameter.

"We stand firmly behind the Petition as part of our commitment to protecting the integrity of the U.S. graphite electrode industry," said Timothy Flanagan, Chief Executive Officer and President. "Ensuring fair competition is vital for the sustainability of American manufacturing and the steel industry. We are confident that the U.S. Department of Commerce and the ITC will conduct a thorough investigation and take the necessary actions to address these unfair trade practices."

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.

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