Cramer came out with bullish comments on graphite electrode maker GrafTech (GTI) for a play on the booming steel sector. GrafTech doesn’t make steel, but it does manufacture graphite electrodes, which are used in electric arc furnaces that steel producers use to turn scrap metal into steel. Cramer explained that furnaces need one electrode for every 8-10 hours of operation, and right now demand is exploding with most steelmakers running furnaces at full capacity. The demand for the company’s products is soo strong that GrafTech has been able to raise prices three times this year. The company is also a new-tech play. It makes insulation that is used to produce silicon for solar panels and graphite molds for deepwater drill bits. Cramer said the company has shored up its balance sheet and is buying back debt along with buying back 3 million shares of its own stock. Cramer reiterated his bullish call on steel plays US Steel (X), Reliant Steel (RS) and Nucor (NUE). Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!