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Tenaris SA (TENR.MI)

TENR.MI on Milan Stock Exchange

14.68EUR
21 Aug 2018
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€0.12 (+0.86%)
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Sun, Jul 1 2018

Tenaris lays off Canadian workers as Trump steel tariffs bite

WINNIPEG, Manitoba Steel pipe maker Tenaris SA is temporarily laying off workers and adjusting production at a Canadian plant because of uncertainty in the steel market following tariffs imposed by the United States, a company official said.

UPDATE 1-Tenaris lays off Canadian workers as Trump steel tariffs bite

WINNIPEG, Manitoba, July 1 Steel pipe maker Tenaris SA is temporarily laying off workers and adjusting production at a Canadian plant because of uncertainty in the steel market following tariffs imposed by the United States, a company official said.

BRIEF-Tenaris Reports Qtrly Earnings Per ADS Of $0.40

* IN COMING QUARTERS, EXPECT SHIPMENTS TO BE LOWER THAN Q1 BUT SALES AND MARGINS SHOULD BENEFIT FROM PRICE INCREASES

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