AT A GLANCE: Tubacex reports huge Q3 earnings slump on pandemic effects

A summary of the financial performance by Tubacex, the Spanish manufacturer of seamless stainless steel tube, in the third quarter of 2020.

In brief The market environment in July-September was still characterized by huge uncertainty due to the Covid-19 pandemic. The global recession continued to affect major investment-related decision-making in the energy sector, which led to an overall demand drop in all sectors served by Tubacex, as well as a significant increase in competitive pressure. To adjust to...

Published

Julia Bolotova

November 11, 2020

21:03 GMT

Dnipro