02
May
10:48
Tenaris sees Middle East offsetting Africa decline
Tenaris sees stronger shipments in the Middle East and Southeast Asia offsetting declining activity in Sub-Saharan Africa in the remainder of the year.
Tenaris’ Middle East and Africa segment tube sales declined -24% on-year in the first quarter to $239 million, although this was up 20% on Q4 2015. The firm saw the start of a gradual increase in sales to national oil companies in the Middle East in Q1, while sales of coating services for off…
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Anonymous
Very good overview of the weekly steel market.
Anonymous