【SMM Steel】Vallourec forecasts temporary slowdown in steel pipe market

Published: May 15, 2026 16:37

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【SMM Steel】French steel tube manufacturer Vallourec’s first-quarter 2026 financial results show that, due to logistics disruptions caused by geopolitical conflicts in the Middle East and the postponement of some orders, the company expects a short-term decline in sales and profit margins in the second quarter. Although the group’s revenue fell by 7% year-on-year to 975 million USD, EBITDA actually rose by 2% year-on-year to 220 million USD, with the profit margin increasing to 22.6%, thanks to optimised product mix and pricing strategies. The company identified the North American market as its strongest region in 2026, as US customers plan to increase drilling activities and import volumes continue to contract, both volume and prices are expected to rebound in the third quarter.

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