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Tenaris' quarterly net sales fall 7% on Brazil, Europe weakness
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Tenaris' quarterly net sales fall 7% on Brazil, Europe weakness
Jul 30, 2025 3:13 PM

July 30 (Reuters) - Italian steel pipe maker Tenaris

on Wednesday posted a 7% drop in net sales for the

second quarter of 2025, hurt by lower shipments to Brazil and

Europe.

Net sales for the second quarter fell to $3.09 billion from

$3.32 billion a year ago, with sales volumes dipping 5% in the

company's tubes segment due to reduced shipments to the Raia

offshore project in Brazil and lower sales of offshore line pipe

in Europe.

Luxembourg-based Tenaris said that, due to the recent U.S.

tariff hike on steel product imports, the company expects a

decline in U.S. Oil Country Tubular Goods (OCTG) imports from

their elevated first-half levels, with a gradual increase over

time.

In May, U.S. President Donald Trump raised tariffs on

imported steel and aluminum from 25% to 50%, intensifying

pressure on global steel producers and escalating his trade war.

For the second half of the year, the exploration pipeline

maker expects sales to decline compared to the first half,

reflecting lower drilling activity and a lower contribution from

line pipe projects.

The company also expects margins to be affected by the

recent increase in tariff costs, it added.

Earnings before interest, taxes, depreciation, and

amortisation for the second quarter stood at $733 million, up

13% from a year ago, when it had taken a $171 million hit from

provisions related to an ongoing litigation.

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