GrafTech International is trading 5.9% down at $6.29 after JPMorgan reiterated its Underweight rating following the permanent closure announcement for the Monterrey, Mexico facility.
- The shutdown is expected to reduce annual graphite-electrode capacity by approximately 51,000 metric tons, from 178,000 to 127,000 tons.
- GrafTech anticipates $20 million-$25 million in annual cash-cost savings; the wind-down is expected to conclude during the second quarter of 2027.
- The decline is company-specific, contrasting with broader strength in major U.S. indexes and the materials sector.