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26 Apr

Tenaris warns of negative outlook after weaker Q1

Tenaris warns of another six months of financial weakness, mainly due to slow demand for OCTG in North and South America, after the tubemaker posted lower first-quarter volumes, revenue and profit.  The Luxembourg-based company anticipates that shipments will be lower in the current quarter and beyond, Kallanish learns from its latest operating report. In the second and third quarters, “sales and margins will be lower than the first quarter refle…
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