Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
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Tenaris' Q2 2025 net sales fell 7% due to weak demand in Brazil and Europe. U.S. tariffs are expected to impact future sales, although earnings rose due to reduced litigation costs.
(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.
(Reporting by Enrico Sciacovelli and Preetika Parashuraman; Editing by Alan Barona)
Net sales refer to the total revenue from goods sold or services provided, minus returns, allowances, and discounts. It reflects the actual revenue a company earns from its operations.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's overall financial performance and profitability.
Sales projections are estimates of future sales revenue based on historical data, market trends, and economic conditions. They help businesses plan and allocate resources effectively.
Offshore projects refer to business operations or investments that take place outside a company's home country, often in different regulatory environments or markets.
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