12
Aug
10:53
Tenaris foresees strong Middle East sales, Africa slowdown
Tenaris expects continued strong sales in the Middle East over the coming quarters despite national oil companies adjusting their drilling activity down amid low oil prices and the pandemic crisis.
The Middle East and Africa registered resilient sales activity compared to other regions in the second quarter, seeing revenue fall only -7% on-year and -2% on-quarter to $308 million. Sales were strong in the Caspian Sea area, Qatar and for an offshore pipeline in West…
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Anonymous
Very good overview of the weekly steel market.
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