25
May
15:35
Vallourec sees delay in offshore O&G rebound
Vallourec’s Asia & Middle East segment saw revenue fall -4% on-year in the first quarter to €264 million ($307.8m), representing 30.6% of consolidated revenue versus 35.2% a year earlier.
Consolidated revenue rose 10% in Q1 to €862m and Ebitda improved by €16m to negative €5m (see Kallanish 21 May).
Commenting on the offshore oil & gas market, a significant portion of which is accounted for by Saudi Arabia, Vallourec chairman…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous