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Steel News

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Home Steel News Tenaris continues increasing pipeline production & shipments
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Tenaris continues increasing pipeline production & shipments

20 Feb 2023 15:43 reported by Joy Liu

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Tenaris S.A., a global leading steel pipe supplier headquartered in Luxembourg, expected that the company’s sales and EBITDA will increase further in the first half of 2023 since it continued to raise production in North America and shipments to pipeline projects.

According to Tenaris, the drilling activity increased last year and has reached a plateau in North America entering 2023, but the activity continues to increase in the Middle East and offshore regions.

The global demand for global oil country tubular goods (OCTG) in 2023 was expected to reach its highest level since 2014. The developments in the oil and gas fields are being supported by pipeline activity, especially in Argentina and the Middle East.

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