The Globe and Mail reports in its Wednesday edition that GrafTech International is seeking to raise more than $800-million in an initial public offering that could value the company at more than 11 times what owner Brookfield Asset Management paid for it (all figures U.S.). A Bloomberg dispatch to The Globe says that GrafTech, which is wholly owned by Brookfield, is seeking a valuation of at least $8-billion for the entire company in the share sale. The valuation could be as high as $10-billion. That value would be about 10 times the company's earnings before interest, taxes, depreciation and amortization. Brookfield acquired GrafTech in 2015 with an equity investment of about $855-million. The graphite electrodes the company produces are used in mini-steel mills to help melt scrap metal and other raw materials used to make steel. Brookfield has said it used a downturn in the steel industry after it acquired the company to restructure GrafTech's operations, exiting non-core businesses, shutting down excess capacity and trimming $100-million in costs. As the steel market recovered, GrafTech has since been able to renegotiate its contracts with purchasers on a long-term basis amid a shortage of graphite electrodes.