Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004951
Chunk: 53

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 53
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 |   243,264 |     |               |         - |     |       |     - |     |         | 243,264 |
| Other liabilities (non-financial)                                 |     |          |   612,277 |     |                        |         - |     |       |         - |     |               |         - |     |       |     - |     |         |       - |
| Lease Liabilities C and NC                                        |     |          |   144,926 |     |                        |   144,926 |     |       |         - |     |               |         - |     |       |     - |     |         |       - |
| Derivative financial instruments                                  |     |          |     8,300 |     |                        |         - |     |       |     8,300 |     |               |         - |     |       | 8,300 |     |         |       - |
| Total                                                             |     |          |           |     |                        | 1,494,570 |     |       |   251,564 |     |               |         - |     |       | 8,300 |     |         | 243,264 |

(*)Includes liability related to the share buyback programs. See note 23to these Consolidated Condensed Interim Financial Statements.

Certain non-financial assets and liabilities were included in the above table to allow reconciliation with the Consolidated Condensed Interim Statements of Financial Position.

Due to their short time nature, the carrying amounts of trade receivables, trade payables, other financial receivables, other financial liabilities and other investments are considered to be similar to their fair values.

| 38 |

There were no transfers between levels during the period.

The fair value of financial instruments traded in active markets is based
on quoted market prices at the reporting date. A market is regarded as active if quoted prices are readily and regularly available from
an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring
market transactions on an arm’s length basis. The quoted market price used for financial assets held by Tenaris is the current bid
price. These instruments are included in Level 1 and comprise primarily corporate and sovereign debt securities.

The fair value of financial instruments that are not traded in an active
market (such as certain debt securities, certificates of deposits with original maturity of more than three months, forward and interest