19
May
12:05
Vallourec Brazil's performance slows, North American unit booms
Tubemaker Vallourec reported lower first-quarter performance in Brazil, reflecting the Pau Branco iron ore mine shutdown.
Despite January’s adverse weather conditions that provoked the overflow of the Lisa Dam, the country played the second-most important role in Vallourec’s global revenue, with a 22.5% contribution, Kallanish learns from its latest earnings report. Meanwhile, the North American unit share represented 37.8% of income.
Vallourec&rsquo…
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Very good overview of the weekly steel market.
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