14
Jul
12:29
Better Middle East, Germany performance improve Vallourec forecast
Vallourec says it expects second-quarter results to exceed prior expectations. It is now guiding for Q2 Ebitda of €370 million ($416m) versus previous guidance of €320m, thanks to strong results in the Eastern Hemisphere, specifically in the Middle East, and smaller than anticipated losses in Germany.
The pipemaker now expects full-year 2023 Ebitda to range between €950m and €1.1 billion. Total cash generation in the second half of 2023 is expe…
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Anonymous
Very good overview of the weekly steel market.
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