Tenaris Can Bounce Back in 2020
Tenaris S.A. (TS) is a Luxembourg-based provider of steel pipe products to upstream energy companies across the world. The project deferrals in the offshore energy markets, tariff hikes for steel products, policy uncertainties in Latin America, and the lack of any significant new project are the company’s concerns. Policy uncertainty in some of the Latin American countries can also hinder growth and reduce margins in the short term.
I expect the U.S. market recovery and international markets to drive the company’s growth in the medium term. Tenaris’s