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India's high-flying graphite electrode firms face curbs

Reuters  |  NEW DELHI 

By Neha DasguptaNEW DELHI (Reuters) - Indian manufacturers of graphite electrodes used in electric arc furnaces are booming on the back of China's pollution crackdown, but soaring prices have set the companies on a collision course with government and steelmakers.In an unusual intervention, India's steel ministry is pushing for electrode makers to cut prices for smaller steelmakers after a 500 percent surge in domestic prices, sources told Reuters.The government has also signalled it may introduce an export tax, aiming to boost domestic supply. India's two manufacturers account for about a ...

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First Published: Mon, February 19 2018. 13:30 IST