08
Aug
09:04
Gas to drive Tenaris second-half Mid-East sales growth
Tenaris expects Middle Eastern sales to grow in the second half of 2019 versus H1 thanks mainly to increased gas investment, although pricing remains in check due to competition.
The pipemaker’s Middle East and Africa segment saw second-quarter revenue rise 5% each on-year and on-quarter to $315 million due to higher sales in Kuwait, United Arab Emirates and North Africa.
In H1, however, the segment’s sales fell -18% on-year to $616m, bu…
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Anonymous
Very good overview of the weekly steel market.
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