Shares of HEG Limited witnessed a powerful rally of over 17% today, grabbing investors’ attention across the market. The sharp upside move wasn’t random—it was triggered by a significant global development in the graphite electrode industry that could directly benefit Indian players.
The biggest catalyst behind HEG’s rally came from the United States, where industry leader GrafTech International announced a major price increase for graphite electrodes. The company revealed that prices will rise by $600 to $1,200 per metric ton, depending on the region.
GrafTech, which holds an estimated 25%–30% market share in ex-China markets, highlighted that graphite electrode prices have remained under pressure for the past three years and are currently below sustainable levels. This long-awaited price correction has sparked optimism across the global graphite electrode industry.
Why This Matters for HEG
HEG is one of India’s leading graphite electrode manufacturers and operates in the same global market as GrafTech. Any improvement in global pricing directly strengthens HEG’s revenue and margin outlook.