Mention the Spanish stainless steel industry and one is likely to think first and foremost of Acerinox, one of the world’s largest stainless steelmakers with production facilities not only in Spain, but also in Malaysia, South Africa, and the USA.
Spain is also home to another world leader when it comes to stainless steel products, however. That company is Tubacex, the focus of this article and the world’s largest producer of stainless steel seamless tubes.
Continue reading Tubacex takes hit from oil & gas slowdown
Recently-released financial results from Europe’s stainless steelmakers painted a predictably grim picture. With nickel prices, and thus stainless steel prices, falling, large-volume buyers have had little appetite to restock, instead waiting for a clear bottom in prices. The pernicious effects of deflation in action.
That said, Aperam appears to be outperforming its peers this year. Why is this?
Continue reading Brazil the redeemer
Recently-released results from Europe’s stainless steelmakers showed a decline in margins for all three of the continent’s major producers – Acerinox, Aperam, and Outokumpu – during the final quarter of 2014.
Continue reading Acerinox leading the way in Europe’s stainless steel industry