Tenaris Can Bounce Back
Tenaris S.A. (TS) is a Luxembourg-based provider of steel pipe products to the upstream energy companies across the world. To complement the offerings and increase its market reach in the U.S., Tenaris has recently signed an agreement to acquire IPSCO, a steel pipe manufacturer. The transaction, if successful, can act as a growth catalyst. Along with that, I expect the recovery in the international markets to drive Tenaris’s growth in the medium term.
To cater to the international markets, it acquired shares of a Saudi Arabia-based pipe company and