04
Aug
01:00
MRC Global's sales fall on weak energy market, strong USD
As it navigates a volatile commodity environment, US distributor MRC Global saw second quarter sales decline primarily due to reduced activity in the upstream energy sector, as well as a strengthening US dollar. The pipe, valve and fittings distributor’s Q2 sales of $1.2 billion were -20% lower than Q2 2014 and -7.3% lower sequentially.
As the US rig count declined -35% from Q1 to Q2, the company’s US sales declined just -2% to $956 million. This…
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Anonymous
Very good overview of the weekly steel market.
Anonymous