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Why GrafTech International Shares Are Down Today

Why GrafTech International Shares Are Down Today

Graphite electrodes manufacturer GrafTech International (NYSE: EAF) missed on fourth-quarter earnings and provided a cautious outlook for 2023. Investors are racing for the exits, sending GrafTech shares down as much as 17% on Friday morning. GrafTech is among the world's largest suppliers of graphite electrodes, a key component in electric-arc steelmaking.