Tag Archives: oil

Tubacex takes hit from oil & gas slowdown

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

2016 commodities outlook: From super cycle to super correction

Last year was once again rather disastrous for commodity prices. Average prices of the base metals traded on the LME all dropped massively, while average prices of oil, iron ore and steel also fell sharply. The general downward trend that has been in place since 2011 continued.

Continue reading 2016 commodities outlook: From super cycle to super correction