Tenaris expects N. America sales hit in 4th qtr., better ’13

Nov 08, 2012 | 11:51 AM | Michael Cowden

Tags  Tenaris, quarterly earnings, OCTG, steel tube, steel pipe, Michael Cowden

CHICAGO — Tenaris SA warned that fourth-quarter sales in North America would be impacted by market uncertainty that is driving a reduction in oil country tubular goods inventories, but offered a more favorable outlook for 2013.

"In spite of the weak economic recovery, demand for energy has remained stable and oil prices are at levels which should continue to support investment in exploration and production activity worldwide during 2013," the Luxembourg-based steel tube and pipe maker said.....

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