Analysis of Production and Management Situations of Tenaris and Vallourec in 2011

Analyzed in the article are the 2011 production and management situations of Tenaris (Luxembourg) and Vallourec (France),the two major powers in global steel pipe-making circles in terms of sales volume,profitability,market share,assets and liabilities,and debt-paying ability.As a result,the following data are identified.In 2011,both Tenaris Group and Vallourec Group had significant growths of sales revenues,whereas the net profit of the latter was reduced;the two groups still had their major steel tube market shares in the American Continent;while Tenaris kept its assets and liabilities little changed,in contrary,Vallourec had its assets and liabilities increased significantly;and for the steel tube market prospects in 2012,both groups are optimistic about the market of OCTG.