Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004951
Chunk: 10

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 10
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 we supplement domestic production with imported products. We import OCTG from Argentina and Mexico to complement
our significant and growing production in the United States. From time to time, local producers seek the imposition of import restrictions
or the initiation of antidumping or countervailing duty proceedings. For example, in October 2021, the U.S. Department of Commerce (“DOC”)
initiated antidumping duty investigations of OCTG imports from Argentina, Mexico, and Russia and countervailing duty investigations of
OCTG imports from Russia and South Korea, which resulted in a determination by the International Trade Commission, issued in October 2022,
that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. Tenaris
and other parties have appealed the agencies’ 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 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. For more information on the result of the investigations,
the DOC’s determination and current status of this matter, please refer to note 18 to our unaudited consolidated condensed interim
financial statements included in this half-year report for a summary description of Tenaris’s material outstanding legal proceedings
as of the date of such financial statements. Antidumping or countervailing duty proceedings, any resulting penalties or any other form
of import restriction have in the past impeded, and may in the future restrict, our access to important export markets for our products,
thereby adversely impacting our sales or limiting our opportunities for growth.

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| Half-year report 2025 - Interim management report |

If countries impose or expand local content requirements or put in place regulations limiting
our ability to import certain products, our competitive position could be negatively affected. Therefore, if any of these risks materialize,
we may not continue to compete effectively against existing or potential producers and preserve our current shares of geographic or product
markets, and increased competition may have a material impact on the pricing of our products and services, which could in turn adversely
affect our revenues, profitability and financial condition.

Our sales may also be affected as a result of other international trade regulations. The shipment
of goods and services across international borders exposes us to extensive trade laws