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The exceptionally high income of the years 2018–2019 are linked to the very particular situation of those years, characterised by market imbalances very beneficial to the graphite electrodes producers. In 2020, in the context of the sudden drop in demand linked to the COVID-19 pandemic, the elevated competition of Chinese exports fully reversed the situation and income hit all-time low. Thanks to the prevailing LTAs, GrafTech France could keep a high price degree ([25–50] % above the typical unit sales price within the Union) during the IP despite the overall fall in costs from which the rest of the Union trade was not shielde The Commission established the profitability of the sampled Union producers by expressing the pre-tax net profit of the sales of the like product to unrelated customers within the Union as a share of the turnover of those sales. However, costs range depending on the specs of the electrodes and, though evaluating average costs give some indication, such comparability cannot replace a value comparability on a PCN basis. Over the interval thought of, profits skyrocketed in 2018–2019, law firm turkish citizenship by investment before dropping steeply and turning into double-digit losses for all Union producers, besides GrafTech France.

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