Company: TNRSF
Filing Date: 2025-02-21
Form Type: 6-K
Source: 0001171843-25-000987
Chunk: 98

Company: TENARIS SA
Filing Date: 2025-02-21
Form: 6-K
Chunk 98
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 S.A. for the service                                   
 of oxygen and nitrogen supply. As of December 31, 2024, the aggregate amount to take or pay the committed volumes for an original 14-year 
 term totaled approximately $28.1 million.                                                                                                 |

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| Consolidated Financial Statements                                                                           |
| For the years ended 2024, 2023 and 2022 - all amounts in thousands of U.S. dollars, unless otherwise stated |

| § | A U.S. subsidiary of the Company is a party to a contract with Nucor Steel Memphis Inc. under which it                                    
 is committed to purchase on a monthly basis a specified minimum volume of steel bars, at prices subject to quarterly adjustments. The     
 contract became effective in April 2021, with an original duration of 3 years. In September 2023, the parties agreed to extend its term   
 until December 31, 2024 and in October 2024, agreed a renovation until December 31,2025. As of December 31, 2024, the estimated aggregate 
 contract amount calculated at current prices, was approximately $57.7 million. The contract gives the                                     
 subsidiary of the Company the right to temporarily reduce the quantities to be purchased thereunder to 75% of the agreed-upon minimum     
 volume in cases of material adverse changes in prevailing economic or market conditions.                                                  |

| § | Certain subsidiaries of the Company entered into a long-term contract with the supplier JFE Steel Corporation                            
 for the purchase of tubular material, including 13 chrome alloy products. Such contract foresees a penalty for a maximum amount of $25.1 
 million in case of early termination. The contract is valid until June 30, 2029.                                                         |

| § | Certain subsidiaries of the Company entered into short-term agreements with Vestas Group for the supply                                 
 of materials and services related to the construction of a wind farm in Argentina. As of December 31, 2024, the amount related to these 
 commitments was $90.1 million.                                                                                                          |

| § | An Argentine subsidiary of the Company entered into short-term agreements with COARCO S.A. for execution                               
 of civil and electrical works, including auxiliary services, related with the construction of a wind farm in Argentina. As of December 
 31, 2024, the amount related to these commitments was $39.9 million.                                                                   |

| § | A U.S. subsidiary of the Company entered into a