PARIS - Vallourec, a major global supplier of specialized steel tubes for the energy industry with U.S. headquarters in Houston and a manufacturing facility in Youngstown, announced strong third-quarter profits Thursday, crediting higher prices for its products and solid demand from U.S. customers.

The Paris-based company reported that its main tube business saw a sharp jump in earnings.

CEO Philippe Guillemot anticipates a drop in imported steel tubes—which currently make up about 40% of the U.S. supply—as the market responds to higher steel tariffs. This is expected to grow Vallourec’s U.S. market share.

Guillemot said the company’s manufacturing base and high-quality products are proving valuable in the United States. He noted that the company has recently received robust orders fro

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