Tenaris' quarterly profit slips on Strait of Hormuz shipping disruptions

TS•2026-08-05

Quarterly profit and sales decline

Aug. 5 (Reuters) - Italian steel pipe maker Tenaris reported a 9% decline in second-quarter net income and a 4% drop in sales, as shipping disruptions in the Strait of Hormuz delayed deliveries to customers in the Middle East.

Tenaris' quarterly profit slips on Strait of Hormuz shipping disruptions

Quarterly profit and sales decline

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