AT A GLANCE: Tubacex pushed into loss by pandemic

A summary of Tubacex, Spanish manufacturer of seamless stainless steel tube, financial performance in the first half-year of 2020.

In brief 

Tubacex attributed weaker half-year results due to the effects of the Covid-19 pandemic.  Pandemic-related lockdowns around the globe since March have led to a significant sales drop in the power generation market. Activity in the global seamless stainless steel tube market dropped by 50%, according to Tubacex's estimate.  The impact on global demand has...


Julia Bolotova

July 29, 2020

17:15 GMT