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): November 6, 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:


Current Developments Update
- ---------------------------

     On November 6, 1998, the Company  announced the following  information with
respect to the  closure  of  certain  production  facilities  and the  Company's
expected results for its fiscal first quarter ended October 31, 1998:

     Pittsburgh,  PA -  November  6,  1998 - The  Carbide/Graphite  Group,  Inc.
(NASDAQ  NNM:  CGGI)  today  announced  that it plans to close its  highest-cost
graphitizing and baking operations in St. Marys, Pennsylvania, which account for
approximately 12% of the Company's total electrode production capacity. A 60-day
notice,  as required by the WARN Act, has been given in order to prepare for the
closure by January 1999. Walter B. Fowler,  Chief Executive Officer,  commented,
"The combination of high operating costs and weaker electrode prices has made it
uneconomic  to continue to produce in our St. Marys Acheson  graphitizing  units
and  corresponding  baking units. It was our intention to begin  construction in
1999 of a new longitudinal  graphitizing facility at our Niagara Falls, New York
plant which would have  replaced  these older,  less  efficient  Acheson  units.
However, as a result of current market conditions,  this project has been placed
on hold and will be reconsidered at a later date. This delay in capital spending
and the cost  reduction  efforts we have  initiated  will conserve cash and help
sustain profitability during this period of reduced electrode demand."

     The  Company  will  record a  pre-tax,  substantially  non-cash  charge  of
approximately $8.0 million in its fiscal first quarter ended October 31, 1998 to
provide  for the  write  down of fixed  assets  associated  with the units to be
closed,  as well as other closure and severance costs.  Excluding the effects of
this  one-time  charge,  preliminary  results for the fiscal first quarter ended
October 31, 1998 are approximately  $0.38 per share (diluted basis). The Company
plans to release details of its first quarter results on Thursday, November 19.

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


                                (Continue)





     Note: This release may contain forward-looking statements that are based on
current  expectations,  estimates and projections  about the industries in which
the Company operates,  management's  beliefs and assumptions made by management.
Words  such  as  "expects,"   "anticipates,"   "intends,"  "plans,"  "believes,"
"estimates" and variations of such words and similar expressions are intended to
identify  such   forward-looking   statements.   These   statements   constitute
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of  1933,  and  are  subject  to the  safe  harbor  created  thereby.  These
statements  are based on a number of  assumptions  that could  ultimately  prove
inaccurate and,  therefore,  there can be no assurance that such statements will
prove to be accurate.  Factors which could affect actual future results  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  lawsuits  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   (including   currency   exchange  rate
fluctuations),  technological risks and other risks, costs and delays associated
with the  start-up  and  operation  of major  capital  projects  (including  the
Company's modernization program),  changing governmental  regulations (including
environmental   rules  and  regulations)  and  other  risks  and  uncertainties,
including  those  detailed in the  Company's  filings  with the  Securities  and
Exchange Commission.


                                       ###


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:  November 6, 1998



















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