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Banking & Finance: Vallourec Sales Plummet During First Quarter | April 29, 2015

Vallourec Sales Plummet During First Quarter

YOUNGSTOWN, Ohio  – Vallourec, the Paris-based parent of Vallourec Star reports sales declined 17.2% during the first quarter of 2015 compared to the same period last year, blaming lower oil prices and reduced capital expenditures from its customers. “Vallourec is currently facing very difficult market conditions, characterized by major exploration and production capital expenditure cuts […]