Tenaris' quarterly profit slips on Strait of Hormuz shipping disruptions
05/08/2026 22:11
Tenaris' quarterly profit slips on Strait of Hormuz shipping disruptions Aug 5 (Reuters) - Italian steel pipe maker Tenaris TENR.MI 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.
(Reporting by Enrico Sciacovelli and Natalia Bueno Rebolledo in Mexico City; Editing by Diti Pujara)
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