Tenaris S.A. is a leading global manufacturer of steel pipe products and provider of related services, primarily for the energy sector. The company's core business is the production of seamless and welded steel tubular products, specifically oil country tubular goods (OCTG), which are essential for oil and gas drilling, completion, and production activities. In 2024, the Tubes segment accounted for approximately 95% of the company's total net sales, with the remaining 5% coming from its Others segment, which includes sucker rods, coiled tubing, and industrial equipment. Tenaris operates a globally integrated manufacturing network with major facilities in the Americas, Europe, and Asia, and it serves major international and independent oil and gas companies. A key competitive advantage is its Rig Direct® service model, which integrates pipe supply with well planning and supply chain management directly to the rig site. The company is controlled by the Rocca family through the Techint Group.
