The Global Ultra High Power (UHP) Graphite Electrodes Market was valued at USD 6.12 Billion in 2023 and is projected to reach USD 9.92 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2030). This robust growth is primarily fueled by the rapid expansion of the electric arc furnace (EAF) steelmaking sector, increasing demand for high-quality steel, and the push for more sustainable metal production processes globally.

As the backbone of modern steel production, UHP graphite electrodes are critical components that conduct the electrical energy necessary to melt scrap metal in EAFs. In this blog, we profile the Top 10 Companies in the Ultra High Power Graphite Electrodes Industry—a group of specialized manufacturers and global suppliers who are driving innovation, capacity expansion, and operational excellence to meet the world’s growing steel demand.

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🔟 1. GrafTech International Ltd.

Headquarters: Brooklyn Heights, Ohio, USA
Key Offering: EAF and Ladle Furnace UHP Graphite Electrodes

GrafTech is one of the world’s largest and most technologically advanced manufacturers of UHP graphite electrodes. With a history spanning over 130 years, the company operates manufacturing facilities in the USA, Mexico, France, and Spain, supplying a global customer base. Their electrodes are renowned for their consistent quality, high performance, and ability to withstand extreme operating conditions.

Innovation & Capacity Initiatives:

• Proprietary needle coke technology for enhanced electrode performance

• Strategic investments to optimize production capacity and reduce costs

• Focus on supply chain resilience and long-term customer partnerships

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9️⃣ 2. Showa Denko K.K. (SDK)

Headquarters: Tokyo, Japan
Key Offering: UHP and HP Graphite Electrodes, Carbon Black

Showa Denko is a major Japanese chemical company and a leading global producer of graphite electrodes. The company leverages its integrated production system, from raw material processing to finished electrodes, ensuring stringent quality control. SDK’s products are critical to steelmakers across Asia, the Americas, and Europe.

Innovation & Capacity Initiatives:

• Advanced graphitization technology for superior electrode properties

• Continuous R&D to improve electrode longevity and efficiency

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8️⃣ 3. Fangda Carbon New Material Co., Ltd.

Headquarters: Lanzhou, Gansu Province, China
Key Offering: UHP Graphite Electrodes, Carbon Products

Fangda Carbon is China’s largest producer of graphite electrodes and a dominant player in the global market. The company boasts massive production capacity and a vertically integrated supply chain, including its own needle coke production. Its scale allows it to competitively serve the vast Asian steel industry and export markets.

Innovation & Capacity Initiatives:

• Significant capacity expansion to over 290,000 tons annually

• Investment in large-diameter UHP electrodes (e.g., 700mm, 800mm) for mega furnaces

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7️⃣ 4. Graphite India Limited (GIL)

Headquarters: Bangalore, Karnataka, India
Key Offering: UHP Graphite Electrodes, Graphite Specialties

Graphite India Limited is a flagship company of the INR group and a leading manufacturer of graphite electrodes in India. With plants in India and Germany, GIL has a strong presence in both domestic and international markets. The company benefits from the growth of EAF-based steel production in India and other emerging economies.

Innovation & Capacity Initiatives:

• Expansion and modernization of manufacturing facilities

• Focus on sustainability and reducing the environmental footprint of production

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Ultra High Power (UHP) Graphite Electrodes Market – View in Detailed Research Report

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6️⃣ 5. Tokai Carbon Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: UHP Graphite Electrodes, Carbon Black, Fine Carbon

Tokai Carbon is another Japanese giant in the carbon products industry with a substantial global footprint in graphite electrodes. The company has production bases in Japan, the United States, and Vietnam. Tokai Carbon is known for its high-quality products and strong technical support services for steel producers.

Innovation & Capacity Initiatives:

• Global production network to ensure stable supply

• Development of electrodes with improved oxidation resistance

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5️⃣ 6. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: UHP Graphite Electrodes, Carbon Fibers, Composite Solutions

SGL Carbon is a leading European-based technology company with a strong graphite electrodes business unit. The company serves the global steel industry from its production sites in Europe and has a reputation for precision engineering and high-performance materials. SGL’s expertise extends beyond steel to various high-temperature applications.

Innovation & Capacity Initiatives:

• Focus on specialty graphite solutions and custom electrode designs

• Commitment to sustainable production processes and circular economy principles

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4️⃣ 7. HEG Limited

Headquarters: Mandideep, Madhya Pradesh, India
Key Offering: UHP Graphite Electrodes

HEG Limited is one of India’s largest manufacturers of graphite electrodes and part of the LNJ Bhilwara Group. The company has a significant export-oriented business and is recognized for its cost-effective and reliable products. HEG has been actively modernizing its facilities to capture growth in the global EAF steel market.

Innovation & Capacity Initiatives:

• Debottlenecking and expansion projects to increase output

• Strategic focus on operational efficiency and product quality enhancements

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3️⃣ 8. Nippon Carbon Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Graphite Electrodes, Refractories, Fine Ceramics

Nippon Carbon is a specialized Japanese manufacturer with a long history in carbon and ceramic products. While smaller in scale compared to the top players, the company is known for its high-quality graphite electrodes and technical expertise, serving niche markets and demanding applications.

Innovation & Capacity Initiatives:

• R&D focused on high-purity and isotropic graphite materials

• Collaborations with research institutions for next-generation carbon technologies

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2️⃣ 9. Energoprom Group

Headquarters: Novokuznetsk, Russia
Key Offering: UHP Graphite Electrodes, Anodes, Cathodes

Energoprom Group is the leading producer of carbon products in Russia and the CIS region. The group consolidates several major manufacturing assets and serves the domestic metallurgical industry, which is heavily reliant on EAF technology. Its integrated operations provide a strategic advantage in the regional market.

Innovation & Capacity Initiatives:

• Modernization of Soviet-era production facilities

• Focus on import substitution and securing the regional supply chain

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1️⃣ 10. Jilin Carbon New Material Co., Ltd. (JCC)

Headquarters: Jilin City, Jilin Province, China
Key Offering: UHP Graphite Electrodes, Carbon Fiber

Jilin Carbon is another major Chinese player in the graphite electrode market, with a strong domestic presence and growing export activities. The company is part of China’s strategic push to dominate key industrial materials and benefits from synergies with its carbon fiber business.

Innovation & Capacity Initiatives:

• Expansion of UHP electrode production lines

• Investment in R&D for large-diameter and high-performance electrodes

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Ultra High Power (UHP) Graphite Electrodes Market – View in Detailed Research Report

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⚡ Outlook: The Future of UHP Graphite Electrodes is Larger, Smarter, and More Efficient

The UHP graphite electrodes market is at a pivotal point, driven by the global transition towards EAF steelmaking as a more sustainable alternative to traditional blast furnaces. The industry is focusing on producing larger-diameter electrodes, improving manufacturing efficiency, and securing the supply of critical raw materials like needle coke.

📈 Key Trends Shaping the Market:

• Rising global EAF steelmaking capacity, especially in China, India, and Southeast Asia

• Technological advancements leading to electrodes with lower consumption rates and longer lifespans

• Supply chain volatility and strategic focus on securing needle coke sources

• Increasing environmental regulations pushing for cleaner and more efficient steel production

Get Full Report Here:
Ultra High Power (UHP) Graphite Electrodes Market – View in Detailed Research Report

The companies listed above are not only powering the global steel industry—they are enabling the shift towards a more sustainable and efficient future for metal production.