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Tenaris sees lower 2013 sales in North America, Europe

March 29, 2013 - 10:27 GMT Location: New York

KEYWORDS: Tenaris , tube , pipe , USA , OCTG

US tube and pipe maker Tenaris expects lower sales in North America to be offset by but burgeoning demand for premium oil country tubular goods (OCTG) in other regions.

Demand from European industrial markets is expected to remain tepid, Tenaris added. North American sales growth was largely responsible for the company’s improved financial performance last year. Tenaris expects steady operating margins this year, with...

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