MRC's challenges ahead
MRC Global (MRC) distributes pipe, valves, and fittings (or PVF) products to the upstream, midstream, and the downstream industries in the energy sector. MRC can see some obstacles to its short-run growth prospect. Loss of revenues from larger projects, customer budget constraints, and dwindling cash flow are some of the issues that drag down MRC's performance. The current energy price weakness has also made a quick recovery difficult. During this difficult period, MRC looks to improve its gross margin. We will look at various aspects of MRC's strategies in this