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Prices for Turkish welded pipes fell by $5 per tonne over the same period

The project in Sault Ste. Marie will expand OCTG production and create up to 200 jobs

The company attributes the price adjustment to rising costs of raw materials, energy, and logistics

Provided the geopolitical situation stabilizes, the company expects business activity to pick up in the second half of the year

Prices for Turkish welded pipes stabilized over the same period

This acquisition represents a strategic move to expand Tenaris' production capacity and product range

The company plans to start up all three of the plant's rolling mills

Investment in the project amounted to approximately €40 million

Prices for oil and gas OCTG pipes in the U.S. remained stable during the same period

Pipes produced by a Ukrainian company have already been used in the construction of towers for future wind turbines

OCTG pipe prices in North America decline for the second consecutive month

The deal, signed in March, was worth £10 million (about €11.45 million)