30
Jul
09:32
Vallourec sees weak second-half demand in Europe
French pipemaker Vallourec sees some resilient market segments despite the sharp drop in activity in its end-use sectors.
The firm forecasts no material improvement in the US or for its industry markets division in the second half of 2020. However, its backlog of high-alloy products in EA-MEA will continue to support deliveries of premium OCTG through the rest of the year. Demand for Vallourec’s pipes in Europe, though, is expected to continue being impacted…
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Anonymous
Very good overview of the weekly steel market.
Anonymous