Vallourec announces sales revenue result
France's Vallourec, world leader in the production of seamless steel tubes, has announced that its sales revenue amounted to €617 million in the second quarter of 2003, down by 4.6% when compared to corresponding period of 2002. The company's sales decreased by 6% to €1.2 billion in the first six months of 2003. The company stated that the results were in line with expectations. Previously, the company mentioned that they did not expect any significant improvement in European demand. In addition, the weakness of the Dollar in relation to Euro adversely affected the competitiveness of its businesses and also the costs of raw materials particularly scrap increased considerably. Vallourec is scheduled to announce its H1 financial results by September 17.Vallourec announces sales revenue result
Similar articles
The Ukrainian scrap market in Jan-May 2008 - UAMB (Ukrainian Scrap Association) President V.A.Kulichenko and UAMB ...
25 Aug | Steel News
Italian producers express more optimism than their trader counterparts regarding beam and merchant bar markets
24 Jul | Steel News
Worldsteel: Global iron ore and scrap trade show China and other Asian countries as key import centers in 2025
08 Jun | Steel News
Germany’s ROGESA launches scrap recycling project to boost low-carbon steel production
08 Jun | Steel News
Mexico’s domestic ferrous scrap prices trend sideways for another week
05 Jun | Scrap & Raw Materials
Global View on Scrap: Turkish scrap market remains relatively silent, Asia drops significantly
05 Jun | Scrap & Raw Materials
Vietnam’s import scrap market moves down, S. Korea also achieves lower price
05 Jun | Scrap & Raw Materials