8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    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) August 6, 2001

                         Commission file number: 0-20490

                        THE CARBIDE/GRAPHITE GROUP, INC.

             (Exact name of registrant as specified in its charter)

           Delaware                                              57-1575609
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

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

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









                                      None
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           (former name or former address, if changed since last year)



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ITEMS 1, 2, 3, 4, 6, 8 AND 9

         Not applicable.

ITEM 5. OTHER EVENTS

         On August 9, 2001, the Registrant issued a press release announcing
that the bank group under its $135 million revolving credit facility has
extended until August 31, 2001 the expiration date of a previously issued waiver
related to the Registrant's non-compliance with certain financial covenants
during its fiscal year ended July 31, 2000. A copy of the press release is
attached as an exhibit to this report and is incorporated herein by reference.

         ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (a)      FINANCIAL STATEMENTS OF BUSINESS ACQUIRED
                  Not Applicable

         (b)      PRO FORMA FINANCIAL INFORMATION
                  Not Applicable

         (c)      EXHIBIT NO.
                  99.1     Press Release Dated August 9, 2001



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                                   SIGNATURES

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

                             THE CARBIDE/GRAPHITE GROUP, INC.

                         By:   /s/  Walter B. Fowler
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                                    Walter B. Fowler - Chief Executive Officer


Dated:   August 10, 2001




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                                  EXHIBIT INDEX

                    EXHIBIT
                       NO.         DESCRIPTION
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                    99.1        Press Release Dated August 9, 2001

EX-99.1

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                                                                    Exhibit 99.1




FOR IMMEDIATE RELEASE

THE CARBIDE/GRAPHITE GROUP, INC. REPORTS
EXTENSION OF BANK AGREEMENT WAIVER

         Pittsburgh, Pennsylvania - August 9, 2001 - The Carbide/Graphite Group,
Inc. (NASDAQ NNM: CGGI) today reported that the bank group under its $135
million revolving credit facility has extended the expiration date of a
previously-issued waiver related to the Company's non-compliance with certain
financial covenants during its fiscal year ended July 31, 2000. Such waiver has
been extended until August 31, 2001. The Company is continuing to work with
Questor Management LLC and the bank group to consummate a financial
restructuring of the Company.

         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 contains 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. Other risks and uncertainties are detailed in the
Company's periodic filings with the Securities and Exchange Commission. The
Company does not undertake to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.