Steel producer announces quarterly results
Adapting to a volatile Middle East situation and fewer volumes of tubes available internationally, Vallourec said it produced good second- quarter results. Net income was $4 million higher versus $51 million reported during the same period of 2025. Operating income was $103 million for the quarter, compared with $114 million last year. “Vallourec demonstrated the strength and resilience of its business model once again in the second quarter,” said Philippe Guillemot, chairman of the board of directors and chief executive officer of the multinational company based in France. ...