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Rating: GTI

Graftech International Ltd (NYSE: GTI) rated to Neutral by Davenport

Wednesday,  Jan 23, 2013  8:25 AM ET by Kristen Bailey

Davenport rated Graftech
International Ltd (NYSE: GTI) to Neutral.

GrafTech International Ltd. (GTI) manufactures a range of graphite electrodes, products essential to the production of electric arc furnace (EAF) steel, and various other ferrous and nonferrous metals. The Company manufactures natural graphite products enabling thermal management solutions for the electronics industry and fuel cell solutions for the transportation and power generation industries. GTI also manufactures and provides graphite and carbon products, as well as related technical services, including graphite and carbon materials for the transportation, solar, and oil and gas exploration industries. GTI services customers in about 70 countries, such as Arcelor Mittal, BaoSteel, Gerdau S.A. and ThyssenKrupp Steel in steel, Samsung in electronics, Elkem Solar in the solar industry and Griffin Wheel in the transportation industry. Its segments include Industrial Materials and Engineered Solutions. On June 30, 2008, the Company acquired Falcon-Seadrift Holding Corp.

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