SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): April 20, 1998




                        THE CARBIDE/GRAPHITE GROUP, INC.

        Delaware                    0-20490                     25-1575609
(State of Incorporation)    (Commission File Number)          (IRS Employer
                                                           Identification Code)


                         One Gateway Center, 19th Floor
                                 Pittsburgh, PA
                                      15222
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (412) 562-3700







Item 1 through Item 4:  Not applicable.

Item 5 -- Other Events:


Legal Proceedings Update
- ------------------------

     On April 20, 1998,  the Company  announced the following  information  with
respect to pending litigation:

     The Carbide/Graphite Group, Inc. (NASDAQ NNM: CGGI) today announced that it
will record a $38 million  charge  (approximately  $25 million after tax) in its
fiscal third quarter ending April 30, 1998 for potential  liabilities  resulting
from civil lawsuits,  claims, legal costs and other expenses associated with the
antitrust  investigations  initiated by the U.S.  Department  of Justice and the
antitrust enforcement authorities of the European Union. The $38 million reserve
includes amounts which may be paid in 1998 and beyond.

     The  Company is the  subject  of several  civil  lawsuits  relating  to the
investigations  into the  graphite  electrode  business.  Although  the  Company
believes  that it has  meritorious  defenses  to such  lawsuits,  the  Board  of
Directors has determined  that recording this reserve is appropriate  and in the
best  interests of the  Company's  customers,  employees and  shareholders.  The
fundamentals  of the  Company's  business  remain  strong  and  the  Company  is
optimistic that this reserve will be sufficient to address the resolution of the
civil  lawsuits and claims  associated  with the antitrust  investigations.  The
Company  noted,   however,  that  circumstances  could  change  and  the  actual
liabilities,  costs and expenses  resulting  from the civil  lawsuits and claims
could differ from the current estimate.

     The  Carbide/Graphite  Group, Inc. is a leading  manufacturer of industrial
graphite and calcium  carbide  products  with  manufacturing  facilities  in St.
Marys,  Pennsylvania;  Niagara  Falls,  New York;  Louisville  and Calvert City,
Kentucky; and Seadrift, Texas.

     Note: This release may contain forward looking statements as defined in the
Private  Securities  Litigation  Reform Act of 1995. Actual future results could
differ  materially  from  those  set  forth in such  statements  due to  various
factors.  Such  factors  include  the  occurrence  of  unanticipated  events  or
circumstances  relating to  investigations  by the  Department  of Justice,  the
antitrust  enforcement  authorities  of the  European  Union  or  related  civil
lawsuit's  as  well  as  the   assertion  of  other  claims   relating  to  such
investigations  or lawsuits or the subject  matter  thereof.  Such  factors also
include  the  possibility  that  increased  demand or prices  for the  Company's
products  may  not  occur  or  continue,   changing   economic  and  competitive
conditions,  technological risks and other risks associated with the start-up of
major  capital  projects,  and other risks and  uncertainties,  including  those
detailed in the Company's  filings with the Securities and Exchange  Commission.
Neither the statements  contained in this news release nor any reserve  recorded
by the  Company  relating  to  civil  lawsuits  or  claims  shall be  deemed  to
constitute  an admission  as to any  liability  in  connection  with the subject
matter thereof.


                                       ###


Item 6 through Item 9:  Not applicable.







                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the following hereunto duly authorized.

                                         The Carbide/Graphite Group, Inc.

                                              /s/  Walter B. Fowler
                                    -------------------------------------------
                                    Walter B. Fowler - Chief Executive Officer
Dated:  April 21, 1998



















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