|FORM 6 - K
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|SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549
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|Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of 
the Securities Exchange Act of 1934
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|As of May 8, 2003
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|TUBES OF STEEL OF MEXICO, S.A.(Translation of Registrant's name into English)
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|TUBOS DE ACERO DE MEXICO, S.A.
Edificio Parque Reforma 
Campos Eliseos #400 
Mexico, D.F., 11560 Mexico 
(Address of principal executive offices)
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|Indicate by check mark whether the registrant files or will file  annual reports under cover
Form 20-F or 40-F.
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|Form 20-F [X]       Form
      40-F [  ]
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|Indicate by check
mark whether the registrant by furnishing the  information contained in this Form is also
thereby furnishing the information to  the Commission pursuant to Rule 12G3-2(b) under
the Securities Exchange Act of  1934.
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|Yes [  ]         No
[X]
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|If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82-_________.
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|The attached material is being furnished to the
Securities and Exchange  Commission pursuant to Rule 13a-16 and Form 6-K under the
Securities Exchange  Act of 1934, as amended. This report contains Tubos de Acero de
Mexico,S.A.  press release announcing the payment of a dividend.
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|SIGNATURE
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|Pursuant to the requirements of the Securities Exchange
      Act of 1934, the Registrant has duly caused this report to be signed on
      its behalf by the undersigned, thereunto duly authorized.
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|Date: May 8, 2003
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|Tubos de Acero de Mexico, S.A.
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|By: /s/ Cecilia Bilesio Cecilia Bilesio 
      Corporate Affairs
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|Jose Ramon Calderon
      Tamsa 
      Intelligence 
      +52-55-5282-9929 
      www.tamsa.com.mx | Cesar Villavicencio      
      Citigate Financial 
      (212) 840-0008
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|MEXICO CITY (May 7, 2003) - Tubos de Acero de
Mexico, S.A. (AMEX: TAM) today announced the following:
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|During the Shareholders Meeting held on April
30, 2003, shareholders approved a  dividend payment of US$0.08748 per share or US$0.4374
per ADR (one ADR = five  shares) of the 2002 issue currently in circulation. The Board of
Directors has  established May 15, 2003 as the payment date.
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|(i) The dividend payment approved corresponds
entirely to retained taxed  earnings.
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