GRAPHITE

shares closed nearly 7 percent higher at Rs 492 apiece, while those of HEG closed nearly 12 percent higher at Rs 482 apiece. Japan’s import duty hike on Chinese exports is expected to give a competitive edge to India's domestic HP-grade graphite electrodes, which are expected due to a cost advantage. The decision by the Japanese cabinet came after a government probe concluded last month that China was harming Japanese companies by exporting graphite electrodes, an industrial material used in electric arc furnace steelmaking at unfairly low prices, and by flooding with its supplies. The government had launched the investigation in April 2024, after Japanese graphite makers SEC Carbon, Tokai Carbon and Nippon Carbon submitted their ***** shares of domestic graphite electrode makers had received a boost in December as well, after China decided to impose tighter control on the export of graphite. China, world's leading producer of graphite, had said that any shipment to US will undergo stricter review of the intended use.