A summary of Tubacex, a Spanish manufacturer of seamless stainless steel tube, for the first quarter of 2020.
In brief
Tubacex attributes weaker quarterly results to the Covid-19 pandemic. The company's plants in Spain, Italy and India have been affected by shutdown measures imposed by the respective local governments. At the rest of Tuvacex's plants, output was hampered by the necessary adoption of social distancing measures to ensure the safety...