visit to Graftech

With a large exposure to Mini mills Graftech will benefit more from Chinese and third world expansion than more traditional steel participants. They foresee 3-5 year growth of 10% of industry capacity and in that environment believe they are well positioned in their core business. The tuck in of new Coke acquisition takes away the price increase pressure of the last few years and after studying the industry puts them in a better position to control costs and compete less on price and more on their market leading technology.

Engineered solutions has some interesting opportunities in solar with their Graphite solutions and also in Nuclear with Gen 4 reactors. Depending on future policies these could be long term options.