Operating income for the Industrial Materials segment was $8 million in the second quarter of 2013, as compared to $42 million in the second quarter of 2012. The reduction in operating income is largely attributed to lower graphite electrode and needle coke pricing.Mr. Shular commented, "The environment for our Industrial Materials products remains very difficult as steel production outside of China continues to decline year-over-year. This weakness is further exacerbated by overcapacity in the graphite electrode industry. We will continue to leverage our low-cost business model to optimize our performance in this extremely challenging environment."
GrafTech Reports Second Quarter 2013 Results
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