Graphite India & HEG to leverage growth - Anand Rathi

- Western graphite electrode (GE) capacity curtailments driving supply rationalization

- Raw-material access and scale leading to polarisation towards 10-12 global players

- Supply continuity for global steel manufacturers favours stable and long-term GE players

- Steel capacity utilisation upswing will create pricing power in GE industry

- Graphite India and HEG have attained global scale and competitiveness to leverage the upswing - initiate coverage with BUY

- Protectionism through anti-dumping duty, the biggest risk.

Source : Equity Bulls

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