Why GrafTech Shares Plunged in February
Graphite electrodes specialist GrafTech International (NYSE: EAF) missed on quarterly results and sounded a cautious tone about 2023. Investors were caught off guard by the pessimism, sending GrafTech shares down 13.6% in February, according to data provided by S&P Global Market Intelligence. GrafTech is a little-known company that plays an important role in the global steelmaking industry.