OCTG Pricing Favors Tenaris Amid Tight North American Market and Worldwide Production Recoveries

Tenaris is a leading provider of oil country tubular goods, or OCTG, the steel tubing used to construct oil and gas wells. It maintains dominant share across premium and nonpremium OCTG markets. The firm manages low-cost, high-quality manufacturing operations on nearly every continent, enabling it to reap the benefits of a globalized supply chain while maintaining a localized presence. Recent capacity expansions in North America (Tenaris’ largest geographical market) via the IPSCO acquisition will bolster the firm’s Rig Direct program, advancing its strategy for production and overall supply chain optimization.