21
Jul
11:13
Vallourec forecasts improved 2021 results
French pipemaker Vallourec has raised its 2021 outlook, Kallanish learns from the company.
Vallourec forecasts it will achieve Ebitda of €525 million ($618m) in 2021 versus last year’s €475m. “The largest driver of this upgrade is a higher contribution from the iron ore mine in Brazil due to more favourable than expected iron ore prices,” the pipemaker states. “In addition, Vallourec is generating better internal efficiencies, whi…
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Anonymous
Very good overview of the weekly steel market.
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