19
May
10:16
Vallourec shuts down plants in France, Germany
French pipemaker Vallourec is reshaping its European business structure and downsizing its organisation with the ambition to “refocus European plants”, it says in its first-quarter financial report monitored by Kallanish.
The group is starting the shutdown process of the heat treatment line of Saint-Saulve in France and of the threading line in Bellshill in Scotland, while also completing the divestment of Vallourec Bearing Tubes.
The closing of its…
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Very good overview of the weekly steel market.
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