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Why GrafTech Stock Is Surging Higher Today

Why GrafTech Stock Is Surging Higher Today

GrafTech International (NYSE: EAF) has been cleared to resume production at its Mexican facility, resolving a major issue that had hung over the shares of the graphite electrode maker. GrafTech is responsible for one of the key components in electric-arc steelmaking, which is a fast-growing part of the steel industry because it is costs less and requires less energy. The company makes the graphite electrodes that power electric-arc furnaces.