Vallourec S.A.

ArcelorMittal acquired 65,243,206 shares (~28.41% of capital) from funds managed by Apollo Global Management at EUR14.64/share (~EUR955M), closing 2024-08-06 per ArcelorMittals own SEC 6-K filing - a competing steelmaker is now Vallourecs largest single shareholder. Apollo and SVPGlobal were installed as reference shareholders by the 2021 financial restructuring (originally ~23-29% and ~9.7-12.3% of capital respectively); Apollos stake passed to ArcelorMittal in 2024, SVPGlobals current stake was not reconfirmed this pass. No parent_slug set: a large minority stake, not corporate control.

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

As a buyer, policy pressure across its consumed materials is flat.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

No actions in the register have named or swept this company in the last 24 months.