14
Apr
14:43
Tenaris clarifies, expands US production cuts
Luxembourg-headquartered tube producer Tenaris is expanding its production cuts in the US, according to a company update.
“Tenaris announced that, in response to an adverse scenario of declining oil and gas prices, unprecedented oversupply in the oil market, and operational restrictions originated by the Covid-19 crisis, the company is restructuring its operations in the United States,” it says in a release dated 13 April.
On 19 March…
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