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17 May
08:33

Vallourec Americas Q1 earnings fall sequentially

Tubemaker Vallourec reported lower first-quarter performance at both its South and North American units compared to Q4 2022. Results were also weaker on-year in Brazil’s case. Despite the deceleration, Brazil played the second-most important role in Vallourec’s global revenue, with a 21% contribution to the €1.33 billion ($1.45 billion) total, Kallanish learns from its latest earnings report. Meanwhile, the North American unit share represented 49.…
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