olivLaw · US equity research
Tenaris S.A. TS
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · SIC 3312 · Vertical: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312)
Tenaris is a global producer of high-specification steel pipe, mainly for the oil and gas industry, with related services at the rig. In fiscal 2025 it reported net sales of 12.0 billion USD and EBITDA of 2.9 billion USD, in an environment shaped by US tariffs and the Middle East conflict.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Tenaris S.A. (TS) stock was 56.53 USD (+1.09% on the day), with market capitalisation 60.6 bn USD, P/E 31.4, dividend yield 1.49%, beta 0.72, 52-week range 37.76–64.02 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 44.9
- weak (30–45)
- Bollinger (20, 2)
- 55.63 – 61.21
- in the lower half of the band · %B 0.16 · band width 9.6%
- SMA 50 / 200
- 57.03 / 56.46
- mixed trend
- MACD (12, 26, 9)
- 0.23 / 0.62
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −0.6% | −1.1% | +0.5 pp | — |
| 3 months | +5.9% | −0.5% | +6.3 pp | — |
| 6 months | −4.1% | +4.4% | −8.5 pp | — |
| Year to date | +47.0% | +12.3% | +34.7 pp | — |
| 1 year | +40.9% | +13.5% | +27.4 pp | +7.2% |
| 3 years | +59.7% | +76.4% | −16.7 pp | +13.6% |
| 5 years | +128.8% | +63.7% | +65.1 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.7 bn | 7.3 bn | 5.1 bn | 6.5 bn | 11.8 bn | 14.9 bn | 12.5 bn | 12.0 bn |
| Revenue YoY | +44.8% | −4.8% | −29.4% | +26.7% | +80.4% | +26.4% | −15.8% | −4.3% |
| Net income | 876.1 m | 742.7 m | -634.4 m | 1.1 bn | 2.6 bn | 3.9 bn | 2.0 bn | 1.9 bn |
| Net income YoY | +60.8% | −15.2% | −185.4% | unavailable | +132.1% | +53.5% | −48.0% | −5.1% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 11.4% | 10.2% | -12.3% | 16.9% | 21.7% | 26.4% | 16.3% | 16.1% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 572.6 m USD
- Financial debt
- 368.0 k USD
- Net debt
- -572.3 m USD
- Equity
- 16.8 bn USD
- Total assets
- 20.1 bn USD
- Debt / equity
- 0.00x
- Current ratio
- 3.87x
- ROE
- 11.5%
- ROA
- 9.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 5.1 bn | 6.5 bn | 11.8 bn | 14.9 bn | 12.5 bn | 12.0 bn | SEC (XBRL)· 31 Mar 2026verified |
| Cost of revenue | 4.1 bn | 4.6 bn | 7.1 bn | 8.7 bn | 8.1 bn | 7.9 bn | SEC (XBRL)· 31 Mar 2026verified |
| Gross profit | 1.1 bn | 1.9 bn | 4.7 bn | 6.2 bn | 4.4 bn | 4.1 bn | SEC (XBRL)· 31 Mar 2026verified |
| Research & development | 41.8 m | 45.3 m | 50.7 m | 60.0 m | 74.2 m | 64.2 m | SEC (XBRL)· 31 Mar 2026verified |
| Operating income | -663.1 m | 707.5 m | 3.0 bn | 4.3 bn | 2.4 bn | 2.3 bn | SEC (XBRL)· 31 Mar 2026verified |
| Depreciation & amortisation | 678.8 m | 594.7 m | 607.7 m | 548.5 m | — | — | SEC (XBRL)· 28 Mar 2024verified |
| EBITDA | 15.7 m ≈ | 1.3 bn ≈ | 3.6 bn ≈ | 4.9 bn ≈ | — | — | SEC (XBRL)· 28 Mar 2024derived |
| Interest expense | 27.0 m | 23.7 m | 45.9 m | 106.9 m | 61.2 m | 46.9 m | SEC (XBRL)· 31 Mar 2026verified |
| Pre-tax income | -619.3 m | 1.2 bn | 3.2 bn | 4.6 bn | 2.6 bn | 2.5 bn | SEC (XBRL)· 31 Mar 2026verified |
| Income tax | 23.2 m | 189.4 m | 617.2 m | 675.0 m | 479.7 m | 500.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Net income | -634.4 m | 1.1 bn | 2.6 bn | 3.9 bn | 2.0 bn | 1.9 bn | SEC (XBRL)· 31 Mar 2026verified |
| Dividend per share | 0.07 | 0.27 | 0.45 | 0.54 | 0.65 | 0.84 | SEC (XBRL)· 31 Mar 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 584.7 m | 318.1 m | 1.1 bn | 1.6 bn | 675.3 m | 572.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Inventories | 1.6 bn | 2.7 bn | 4.0 bn | 3.9 bn | 3.7 bn | 3.6 bn | SEC (XBRL)· 31 Mar 2026verified |
| Current assets | 4.3 bn | 5.0 bn | 8.5 bn | 10.5 bn | 9.2 bn | 9.1 bn | SEC (XBRL)· 31 Mar 2026verified |
| Property, plant & equipment, net | 6.2 bn | 5.8 bn | 5.6 bn | 6.1 bn | 6.1 bn | 6.2 bn | SEC (XBRL)· 31 Mar 2026verified |
| Goodwill | 1.1 bn | 1.1 bn | 1.1 bn | 1.1 bn | — | — | SEC (XBRL)· 28 Mar 2024verified |
| Total assets | 13.7 bn | 14.4 bn | 17.6 bn | 21.1 bn | 20.5 bn | 20.1 bn | SEC (XBRL)· 31 Mar 2026verified |
| Accounts payable | 462.1 m | 845.3 m | 1.2 bn | 1.1 bn | 880.3 m | 872.9 m | SEC (XBRL)· 31 Mar 2026verified |
| Long-term debt | 315.7 m | 111.4 m | 46.4 m | 48.3 m | 11.4 m | 368.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Current liabilities | 1.2 bn | 1.6 bn | 2.8 bn | 2.9 bn | 2.6 bn | 2.3 bn | SEC (XBRL)· 31 Mar 2026verified |
| Total liabilities | 2.3 bn | 2.3 bn | 3.5 bn | 4.1 bn | 3.6 bn | 3.2 bn | SEC (XBRL)· 31 Mar 2026verified |
| Equity | 11.4 bn | 12.1 bn | 14.0 bn | 17.0 bn | 16.8 bn | 16.8 bn | SEC (XBRL)· 31 Mar 2026verified |
| Shares outstanding at year end | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.1 bn | SEC (XBRL)· 31 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.5 bn | 119.1 m | 1.2 bn | 4.4 bn | 2.9 bn | 2.6 bn | SEC (XBRL)· 31 Mar 2026verified |
| Investing cash flow | -2.1 bn | 267.9 m | -163.6 m | -2.7 bn | -1.4 bn | -192.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Financing cash flow | -375.3 m | -648.0 m | -178.3 m | -1.1 bn | -2.4 bn | -2.5 bn | SEC (XBRL)· 31 Mar 2026verified |
| Dividends paid | 82.6 m | 318.7 m | 531.2 m | 636.5 m | 757.8 m | 900.4 m | SEC (XBRL)· 31 Mar 2026verified |
| Share repurchases | — | — | — | 213.7 m | 1.4 bn | 1.4 bn | SEC (XBRL)· 31 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 60.6 bn USD
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 11.04 – 52.78 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E27.87 – 52.78 (Mid 38.15)6 companies used · median multiple 21.2x · quartiles 15.5x – 29.3xCMC, CRS, MT, MTUS, NUE, STLD
- Dividend discount (DDM)11.04 – 14.84 (Mid 12.66)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 11.2% | 71 (vs peers) | 20% |
| Net margin · Quality | 16.1% | 83 (vs peers) | 12% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 0.6% | 5 (on a fixed band) | 16% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 48.6x | 100 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 3.9x | 100 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 31.4x | 29 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 3.7% | 53 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet100/100 · 2/3 factors with a value
- Growth· partial5/100 · 1/2 factors with a value
- Quality76/100 · 2/3 factors with a value
- Returns· partial53/100 · 1/2 factors with a value
- Valuation· partial29/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Tenaris SA (TS). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 12.0 bn USD in 2025; YoY growth -4.3%; net margin 16.1%; ROE 11.6%.
The estimated value range is 19.45–33.81 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 25.40 USD, the price of 56.53 USD leaves a potential of -55.1% (value / price − 1) and a margin of safety of -122.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 11.2%
- Net margin: 16.1%
- Interest coverage: 48.6x
- Current ratio: 3.9x
What contradicts it
- Revenue CAGR 3Y: 0.6%
- P/E (TTM): 31.4x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TXTernium S.A. | 97.5 bn | 221.1 | 3.6% | 2.7% | −11.6% | +32% / +23% |
| NUENucor Corp | 60.8 bn | 35.6 | 8.2% | 5.4% | +5.7% | +68% / +58% |
| TSTenaris SA | 60.6 bn | 31.4 | 11.6% | 16.1% | −4.3% | +41% / +60% |
| MTArcelorMittal | 46.0 bn | 14.7 | 6.1% | 5.1% | −1.7% | +40% / +140% |
| STLDSteel Dynamics, Inc. | 34.1 bn | 17.7 | 20.8% | 8.8% | +3.6% | +43% / +102% |
| CRSCarpenter Technology Corporation | 13.8 bn | 24.6 | 27.8% | 17.9% | +8.6% | −12% / +294% |
| CMCCommercial Metals Company | 6.8 bn | 10.6 | 14.8% | 7.0% | +20.5% | −2% / +37% |
| SXCSuncoke Energy, Inc. | 823.3 m | — | -8.5% | -2.9% | −5.1% | +49% / +4% |
| MTUSMetallus Inc. | 650.2 m | 30.8 | 3.4% | 1.9% | +6.9% | −7% / −22% |
| TWITitan International, Inc. | 303.7 m | — | -22.9% | -5.7% | −0.9% | −42% / −64% |
| PKXPosco Holdings Inc. | — | — | 2.1% | 1.5% | −4.7% | −8% / −48% |
| SIMGRUPO SIMEC, S.A.B. de C.V. | — | — | 19.2% | 31.2% | −18.2% | −8% / −15% |
| ASTLAlgoma Steel Group Inc. | — | — | -98.5% | -47.2% | −25.4% | +17% / −41% |
1- and 3-year price returns: for TS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 32.11 Total return -43% · Per year -43% | 56.88 Total return 1% · Per year 1% | 85.83 Total return 52% · Per year 52% |
| 3 years | 28.78 Total return -49% · Per year -20% | 57.58 Total return 2% · Per year 1% | 95.74 Total return 69% · Per year 19% |
| 5 years | 25.79 Total return -54% · Per year -15% | 58.29 Total return 3% · Per year 1% | 106.79 Total return 89% · Per year 14% |
- Exit P/E± 14.40
- Net margin± 10.08
- Annual revenue growth± 8.59
- Annual dilution± 0.85
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Mar 2026; since then the company filed 6-K (11 Aug 2026), 6-K (07 Aug 2026), 6-K (13 May 2026).
In brief
Tenaris is a global producer of high-specification steel pipe, mainly for the oil and gas industry, with related services at the rig. In fiscal 2025 it reported net sales of 12.0 billion USD and EBITDA of 2.9 billion USD, in an environment shaped by US tariffs and the Middle East conflict.1
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Dependence on oil and gas investmenthigh
Demand for pipe depends on rig counts and oil prices; price declines could reduce output and orders.1
- Geopolitical risk and sanctionshigh
Armed conflicts, sanctions and trade disruptions can affect operations, deliveries and access to customers in several countries.1
- Exposure to Pemexmedium
Payment delays by Pemex and possible non-payment could affect revenue and profitability in Mexico.1
- Climate policy and compliance costsmedium
Carbon taxes, emissions trading and CBAM can raise costs and capital spending needs.1
- Physical climate riskslow
Extreme weather can shut facilities, disrupt supply chains and raise insurance costs.1
Investment thesis
What would need to be true (bull case)
- If offshore and frontier investment accelerates, the company's order book could grow meaningfully in coming years.1
- Integrated US production and a net cash position give flexibility against tariffs and volatility.1
- Rig services and high-specification products could support margins even in a competitive market.1
What would break the thesis
What to watch
- Evolution of the Middle East conflict and traffic through the Hormuz Strait2026
- Level of tariffs on imported steel in the US2026
- Pemex payments and the company's credit exposure to itNext 10-K
- Active US rig counts and offshore project orders2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Mar 2026; since then the company filed 6-K (11 Aug 2026), 6-K (07 Aug 2026), 6-K (13 May 2026).
The business
The company manufactures and delivers tubular steel products, including OCTG, the tubing used for drilling and completing wells, along with line pipe, and provides associated services through its Rig Direct model.1 Operations are globally integrated, with its own industrial units and a flexible supply chain.1 Results rest on a net cash position and on distributing free cash flow to shareholders.1
In 2025 results stayed stable, with EBITDA of 2.9 billion USD and net income of 2.0 billion USD on net sales of 12.0 billion USD.1 The company proposes raising the annual dividend per share by 7%.1 Management describes a difficult geopolitical environment and lower activity in key markets, in which the global structure helped it respond quickly.1
Tenaris operates in the US, Canada, Latin America, the Middle East and other regions, with its own operations in several countries.1 The company is controlled by San Faustin S.A., named as controlling shareholder in the annual report.1 Its decentralised structure and global presence are presented as strengths with energy-sector customers.1
Segments
Pipes and services for the oil industry
This main segment covers OCTG and rig services, with 90% of US sales supplied from local production.1 The company adds services such as RunReady and well integrity to raise safety and efficiency for customers.1
Market context
Demand for high-specification pipe depends on the number of rigs, the depth and complexity of wells, and oil and gas prices.1 The company shows major operators redirecting investment toward offshore and frontier regions, which could renew its order book.1 Fewer rigs in the US and Canada and industry consolidation have reduced activity in some markets.1
Tariffs and geopolitical tensions make the market more volatile, and the Middle East conflict may affect deliveries and energy costs.1 State-owned companies in OPEC countries are among important customers, and their production decisions influence demand.1
Trends
- US tariffs on steel importsmixed
Extension of Section 232 tariffs to all steel products, rising to 50%, has raised costs on imported inputs.1 The company responded with higher US production, which covers 90% of its US sales.1
- Middle East conflict and the Hormuz Straitmixed
The closure of the Hormuz Strait, through which almost 20% of world oil and LNG supply passes, has caused extreme energy price volatility.1 Operations in the region could be affected, and a prolonged disruption could slow the global economy.1
- Offshore and frontier investmenttailwind
Major operators are seeking new reserves in deep water and frontier regions, which can generate orders for complex pipe and coatings.1 The company is already working on projects such as Sparta 20K and GranMorgu.1
- Climate regulation and the energy transitionheadwind
Emissions legislation, carbon pricing and renewable energy policies could reduce demand for oil and gas.1 The company invests in efficiency and wind farms to reduce emissions intensity.1
Competitive position
The global steel pipe market is competitive, and pricing pressure could reduce market share and margins.1 Consolidation in the oil industry and productivity gains among US operators also shape prices and volumes.1
Tenaris differentiates through products for complex operations, rig services and integrated production across several regions.1 Its edge rests on fast, large-scale delivery, which could support its position in key markets.1
- Global steel pipe producers
Producers in Asia and Europe competing in OCTG and line pipe markets; the source gives no named companies.
- Local producers in the Middle East and Asia
Regional suppliers that may compete on cost or proximity to state-owned customers.
- North American pipe producers
Competitors active in the US and Canada, where consolidation and tariffs shape pricing.
- Rig services providers
Companies offering drilling and completion services that can influence customers' pipe decisions.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Cum s-au împărțit banii dați de Palatul Cotroceni, din contractul de lobby de 3,4 milioane de dolari, către oameni din anturajul lui Donald TrumpLibertatea.ro · 23 Oct 2026 · RO
- CE aprobă achiziționarea Artrom de către TenarisJuridice.ro · 14 Oct 2026 · RO
- Tenaris primește acordul Comisiei Europene pentru preluarea Artrom, tranzacție de 86 milioane euro care extinde prezența sa industrială în RomâniaFinancial Intelligence (RO) · 14 Oct 2026 · RO
- Comisia aprobă preluarea companiei Artrom Steel Tubes din România de către gigantul TenarisCursDeGuvernare.ro · 13 Oct 2026 · RO
- Tranzacție în industria oțelului, aprobată de Comisia Europeană: Silcotub (Tenaris) preia Artrom Steel TubesEconomedia · 13 Oct 2026 · RO
- Comisia Europeană a aprobat preluarea Artrom Steel Tubes din România, lider european în producţia de ţevi din oţel fără sudură pentru aplicaţii industriale, de către compania Tenaris din LuxemburgG4Media · 13 Oct 2026 · RO
- Tranzacție majoră în România aprobată la Bruxelles. Gigantul Tenaris cumpără Artrom Steel Tubes. Fondul american condus de un antreprenor care a lucrat și la Casa Albă se retrage după doar 1 anProfit.ro · 13 Oct 2026 · RO
- Tenaris (TS) Rides Rising Drilling Demand Even As Hormuz Cuts Into SalesYahoo Finance — News · 02 Sept 2026 · EN
- Mega-tranzacție în industria oțelului: Silcotub (Tenaris) preia Artrom Steel Tubes și controlează încă două centre industriale-cheie din RomâniaEconomedia · 27 May 2026 · RO
- Tenaris, unul dintre cei mai importanţi producători de ţevi din oţel, cu operaţiuni puternice în România, a cumpărat de la un grup american, Artrom Steel Tubes Slatina, într-o tranzacţie de 86 de milioane de euroZiarul Financiar · 11 May 2026 · RO
- Tenaris preia unul dintre cei mai importanţi jucători din industria metalurgică locală, într-o mega tranzacţie cu americanii de la GLGH Steel. Tenaris plăteşte 86 de milioane de euro pentru 100% din Artrom Steel TubesZiarul Financiar · 11 May 2026 · RO
- Tenaris, unul dintre cei mai importanţi producători locali de ţevi din oţel, cu operaţiuni puternice în România, a cumpărat de la un grup american Artrom Steel Tubes Slatina, într-o tranzacţie de 86 de milioane de euroZiarul Financiar · 11 May 2026 · RO
SEC filings
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)07 Aug 2026
- Current report (foreign issuer)07 Aug 2026
- Current report (foreign issuer)07 Aug 2026
- Current report (foreign issuer)13 May 2026
- Current report (foreign issuer)13 May 2026
- Current report (foreign issuer)13 May 2026
- Current report (foreign issuer)11 May 2026
- Current report (foreign issuer)11 May 2026
- Current report (foreign issuer)07 May 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Tenaris S.A. · 31 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.