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The Indian graphite industry is a 700 crores industry, which has garnered around 10 percent of the world trade of the product. It is also an industry that has continued to grow even when the entire industry and business both worldwide and in India, has been shrinking for the last decade.
The graphite electrode industry has its fortunes linked to that of secondary steel production through the electric arc furnace EAF, technology and other factors like the structure of domestic industry, electrode production technology and costs, exports, accessibility to raw materials and customers. India beats the developed countries of the world in terms of cost of production because of its lower fixed costs, labour and overheads.