GrafTech International (NYSE: EAF) + 11.1% after the market on Friday announced the lifting of the suspended operations in Monterrey, Mexico, allowing for the resumption of operations at the site, effective immediately.
GrafTech (EAF) said the Secretary of Environment of the The State of Nuevo León lifted the suspension notice that was issued on September 15, subject to the completion of steps including the submission of an environmental study on the operation of the facility.
For Q4, the company expects that the suspension will affect its ability to meet 10K-12K metric tons of customers.
GrafTech (EAF) manufactures high-quality graphite electrodes essential for the production of electric furnace steel and other ferrous and non-ferrous metals.
GrafTech (EAF) is facing financial challenges ahead, and they are moving this with a new CEO who joined the company in July, Jared Wright writes in an analysis published on Seeking Alpha.