Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004951
Chunk: 66

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 66
---
 44 |

On June 6, 2025, the DOC issued a final determination with respect to imports
from Argentina, announcing a final antidumping rate of 6.76% for imports by Tenaris. This lower rate (reduced from 78.30%) became the
deposit rate for Tenaris’s imports from Argentina as from June 12, 2025. The right to appeal against the DOC’s final determination
expired on July 14, 2025, and no appeal was filed. The DOC has to instruct the customs authorities to proceed with liquidation at the
corresponding assessment rate of Tenaris’s imports from Argentina that occurred between May 11, 2022, and October 31, 2023, when
existing injunctions derived from the appeals referred to in the previous paragraph are lifted. The resulting gain will be recognized
if and when these two conditions have been met.

The final determination for imports from Mexico is expected by early September
2025. As a result of these periodic reviews, the deposit rates on future imports can be expected to change, and the antidumping duty deposits
paid on imports during the relevant review period may be either returned to Tenaris in whole or in part, or may be increased.

| (ii) | Commitments and guarantees |

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

| § | Certain subsidiaries of the Company are parties into a long-term contract with Praxair S.A. for the service                           
 of oxygen and nitrogen supply. As of June 30, 2025, the aggregate amount to take or pay the committed volumes for an original 14-year 
 term totaled approximately $26.0 million.                                                                                             |

§
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 June 30, 2025, the estimated aggregate contract amount calculated at current
prices was approximately $30.8 million. The contract gives the subsidiary of the Company the right to
temporarily reduce the quantities to be purchased thereunder