23
Apr
10:23
Tubacex sees tough 2020, evaluates three recovery plans
Spanish stainless seamless tube maker Tubacex says production slowed -50% in March due to lower orders as a result of the Covid-19 outbreak in the regions where it operates. The company’s main target is to maintain its neutral cashflow, Tubacex explains in a presentation monitored by Kallanish.
“It is too early to forecast the possible scenarios of Covid-19 impacts, but our strong market positioning oriented to long-term agreements, offering a complete…
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Anonymous
Very good overview of the weekly steel market.
Anonymous