French pipemaker Vallourec forecasts prices will stabilise in the near term. The group expects a continued strong market environment, and for lower tube pricing in the US to be offset by a recovery in volumes.
“In international markets and especially the Middle East, customer activity remains strong,” Vallourec chief executive Philippe Guillemot says in its third-quarter earnings report monitored by Kallanish. “Pricing on new OCTG orders continue…
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