Vallourec's CEO Says the Worst Is Behind Us

The transcript discusses Vallourec's progress in its transformation plan, highlighting the restructuring of European operations and the development of production hubs in Brazil and China. The company has overcome significant challenges, with a focus on market recovery, particularly in the oil and gas sector. The North American market shows strong growth, driven by increased drilling activity. Pricing and profitability are linked to rig counts, with raw material costs impacting margins. Global challenges persist, especially in offshore markets, while Vallourec faces competition from key players.

How far along is the company in its transformation plan?

What restructuring has been completed in the European operations?

What factors will determine the benefits of the transformation plan?

What was the performance of the company at the end of the last year?

What is the outlook for the oil and gas market according to the speaker?

How is the North American market performing compared to the past?

What challenges does the company face in the competitive environment?