29
Apr
10:17
Tenaris anticipates MENA sales rebound after first-quarter decline
Tenaris anticipates continued strong sales and volumes in the Middle East, Sub-Saharan Africa, East Mediterranean and Black Sea over the coming quarters due to a re-routing of gas supply following Russia’s invasion of Ukraine. Solid and stable margins with higher prices will offset increased costs.
The company’s tubular product net sales to Middle East and Africa-based clients still fell 13% on-quarter and 7% on-year to $182 million in t…
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Anonymous
Very good overview of the weekly steel market.
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