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09 Nov
10:36

Tubos Reunidos increases third-quarter sales, reduces losses

Spanish special seamless tube supplier Tubos Reunidos (TR) has narrowed its losses by 22% to €15.7 million during the first nine months of 2018. This mainly due to the positive progress of its recovery plan and the increase in OCTG demand in the US, Kallanish learns from TR's third quarter report. The company is working to adjust its financing structure and reinforce its operational improvements, it says. TR has begun a process of reformulating its…
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