Earnings at Tubacex, the Spanish manufacturer of seamless stainless steel tube, improved significantly in the first half of 2018 due to a stronger focus on high-added-value materials, the company said on Friday July 27.
The company's sales jumped by 49.4% year-on-year to ?,?360.6 million ($420.3 million) in the first six month of 2018, while its earnings before interest, taxes, depreciation and amortization (Ebitda) doubled to ?,?35.6 million over the same period.The company does not expect there to be any significant changes in the tube steel market, because time will be needed for increased investment in the sector to result in...