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Why GrafTech Shares Plunged in February

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.