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16 Feb
08:36

Tenaris fourth-quarter performance improves, outlook positive

Tenaris saw deliveries increase on-quarter and on-year in the fourth quarter. The firm expects its shipments to remain strong for the coming months, Kallanish notes. Global drilling activity continues to increase, led mainly by the Middle East and offshore regions. Demand for OCTG this year is expected to reach its highest level since 2014. Pipeline activity is also advancing to support oil and gas developments, notably in Argentina and the Mid…
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