Germany's SGL Group is closing its graphite electrodes plant at Narni, Italy, with immediate effect. The company said the closure is part of its SGL2015 cost-cutting scheme designed to save €150 million up to the end of 2015.

SGL said the market for graphite electrodes, used in recycling of used steel, has come under price pressure due to weak demand. Some 120 jobs will be lost in the shutdown.

The company has already closed its 30,000 t/y graphite electrodes plant in Lachute, Canada, with the loss of 110 jobs.