16
May
11:28
Vallourec Americas first-quarter earnings fall
Tubemaker Vallourec has reported lower first-quarter performance at both its South and North American units.
Despite the deceleration, the Americas played the most important role in Vallourec’s global revenue, with a 64.6% contribution to the €933 million ($1.01 billion) total, Kallanish learns from its latest earnings report.
“In the US, a reset in market expectations has caused some further incremental pricing pressure,” Vallourec&rsquo…
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Anonymous
Very good overview of the weekly steel market.
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