01
Nov
12:45
Lower prices, Americas activity hamper Tenaris fourth-quarter performance
Tenaris says fourth-quarter performance will be hampered by lower average sales prices and slowdowns in the US and Argentinian markets. The impact on profitability will be offset by lower costs. The firm expects sales to recover in 2020, particularly for offshore and gas drilling.
In the third quarter Tenaris sales dropped -7% on-year and -6% on-quarter to 796,000 tonnes. Welded pipe shipments fell -25% on-year and -13% on-quarter to 150,000t, while seamless pip…
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Anonymous
Very good overview of the weekly steel market.
Anonymous