25
Feb
07:40
Tenaris sales, profit dip in 2020
Tenaris saw its performance hampered in 2020 by the Covid-19 pandemic, the tubemaker confirms in its latest report. The company anticipates sales should improve in 2021, Kallanish notes.
“In this still uncertain environment, we expect a gradual recovery in sales through most of the year,” Tenaris comments. “In the first quarter, however, our Ebitda will be impacted by around $20 million by additional costs and production losses in the US an…
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Anonymous
Very good overview of the weekly steel market.
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