Steel Mills
November 1, 2019
OCTG Producer Tenaris Reports Declining Sales
Written by Sandy Williams
Lower prices for line pipe and less drilling activity in the U.S. and Argentina contributed to declining tubular sales for OCTG producer Tenaris. Net tubular sales for the company totaled $1.8 billion in the third quarter, down 8 percent sequentially and year-over year, on shipments of 796,000 metric tons. Tubular shipments fell 6 percent from Q2 and 7 percent from Q3 2018 with average selling price dipping 3 percent from Q2.
Tenaris’ North American tubular sales of $772 million fell 11 percent from the second quarter and 13 percent from Q3 2018.
