30
Apr
08:08
Tenaris first-quarter shipments rise, outlook negative
Tenaris saw sales volumes increase in the first quarter, Kallanish learns from the company's quarterly report. The tubemaker, however, expects shipments to fall in the coming quarters, impacted by the decline in economic activity and unprecedented collapse in global oil demand as a result of Covid-19-related measures.
“We are expecting a substantial reduction in sales and margins, particularly in the Americas, though sales in the rest of the wo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous