Ultra-high power (UHP) graphite electrode is widely used electric arc furnace for the production of steel by smelting scrap or raw material. It has wide applications in ferroalloy production, silicon metal production, yellow phosphorus and other use. Graphite substance bears characteristics of metallic and non-metallic materials which makes it suitable for various industrial applications. Properties of graphite such as high thermal resistance, chemical inertness, etc. are making it efficient at elevated temperatures.
Rapid growth in mining and automobile industry, technological advancements in automobiles, rising demand of graphite in developing nations owing to increasing infrastructure in industrial processes are some of the key factors paved the market growth for the graphite market in near future.
Increasing demand for steel on account of factors such as urbanization, growing infrastructure facilities, mobility, digitization and need to increase resource and efficiency are increasing the production of steel across the globe in order to fulfill the demand for steel in developing nations. This rising demand of steel is further leading steel industries to adopt advanced technology equipment in order to produce maximum amount of steel in less time to increase the profitability.