GrafTech International is trading 8.58% down in pre-market at $6.50 after JPMorgan reiterated its Underweight rating following the Monterrey facility-closure announcement.
- JPMorgan cited the plant’s planned wind-down and ongoing concerns about GrafTech’s financial outlook.
- The August 31 closure will reduce annual graphite-electrode capacity by approximately 51,000 metric tons as the company aligns production with market conditions.
- Broader markets are only modestly weaker, making company-specific concerns more relevant.