Vallourec mills ramp up despite rig sag

摘要

Vallourec SA continues to ramp up its new mills in the United States and Brazil, despite a decline in the U.S. rig count. The Boulogne-Billancourt, France-based steel tube and pipe producer plans to ramp up its new small-diameter rolling mill in Ohio to roughly 50 percent of capacity in the first semester of 2013, and its Vallourec 8: Sumitomo Tubos do Brasil Ltda. (VSB) integrated mill in Brazil to approximately 40 percent of capacity, Didier Hornet, managing director of the company's oil country tubular goods (OCTG) division, said during an earnings conference call with analysts.