(Reuters) - French metallurgical group Vallourec reported a 23.6% drop in its fourth quarter core profit on Thursday, citing lower average selling prices in its North American tubes business.

Vallourec, which makes tubing for oil and gas, low-carbon energy and industrial markets, said its operating earnings before interest, taxes, depreciation and amortization (EBITDA) fell to 214 million euros ($224 million) in the final quarter of 2024.

($1 = 0.9555 euros)