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26 Jul
10:40

Vallourec Brazil results improve, North American unit slows

Tubemaker Vallourec reported higher second-quarter results in Brazil, while performance in North America remained weaker reflecting lower pricing momentum and slow demand, Kallanish notes. “We are convinced that there remain significant opportunities to improve our tube returns independent of overall OCTG market conditions,” says company chairman and chief executive Philippe Guillemot. “We have several initiatives underway to drive our Brazilian …
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