Company: TNRSF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001171843-25-002694
Chunk: 29

Company: TENARIS SA
Filing Date: 2025-05-01
Form: 6-K
Chunk 29
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 and Global Tubing appealed a previous ruling of the judge.
Global Tubing also filed a brief seeking to recover attorneys’ fees, without specifying the amount of those fees. Although it is
not possible to predict the final outcome of this matter, the Company believes that any potential losses arising from this case will not
be material.

| § | U.S. Antidumping Duty Investigations |

On October 27, 2021, the U.S. Department of Commerce (“DOC”)
initiated antidumping duty investigations of oil country tubular goods (“OCTG”) from Argentina, Mexico, and Russia. After
the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia
on October 27, 2022, the International Trade Commission (“ITC”) determined that the imports under investigation caused injury
to the U.S. OCTG industry. Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International
Trade, and, with respect to certain claims, to the Court of Appeals for the Federal Circuit. In addition, in response to a request from
the Government of Argentina, the World Trade Organization (“WTO”) established a panel of experts to consider whether the DOC’s
antidumping order applicable to Argentina is consistent with the international obligations of the United States. As a result of the investigation,
and unless overturned on appeal, Tenaris is required to pay antidumping duty deposits (at a rate of 78.30% for imports from Argentina
and 44.93% for imports from Mexico) until such time the imports are reviewed by the DOC to determine whether final duties are necessary
for the specific period under review. Tenaris has been paying such deposits since May 11, 2022, reflecting the amount of such deposits
in its costs. The deposit rates may be reset periodically based on the results of the administrative review process. In the first administrative
review covering the period from May 11, 2022, to October 31, 2023, the DOC issued preliminary determinations. The final determination,
which could be different from the preliminary determination, is expected by September 2025. As a result of the periodic review process,
the antidumping duty deposits may be either returned to Tenaris in whole or in part, or may be increased.

| 22 |

| (ii) | Commitments and guarantees |

Set forth is a description of the Tenaris’s main outstanding commitments:

| § | Certain