On July 25, 2025, French steel‑tube maker Vallourec issued updated guidance anticipating improved core profitability in the second half of 2025. It forecast Q3 EBITDA of €195–225 million, up from €187 million in Q2, despite that quarter’s 10% year‑on‑year drop attributed to weaker sales volumes. The optimism stems from rising international prices—especially in U.S. markets aided by new steel tariffs—and ongoing cost‑reduction efforts. The company also highlighted contract wins in H1, including with Sonatrach in Algeria and Allseas in Brazil. Vallourec confirmed it reached its zero net debt goal earlier than planned—reducing net debt from €1.49 billion in mid‑2022 to €201 millioncurrently—and plans to continue generating cash and reducing leverage.