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Tenaris agrees to buy Romania’s Artrom Steel Tubes for EUR 86 million

PUBT·05/08/2026 22:20:11
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Tenaris agrees to buy Romania’s Artrom Steel Tubes for EUR 86 million
  • Tenaris agreed to buy 100% of Artrom Steel Tubes from GLGH Steel for EUR 86 million, cash-free and debt-free, including normalized working capital.
  • Closing expected in Q4 2026, subject to EU competition clearance and Romanian government approvals.
  • Artrom has about 450,000 metric tons of annual steelmaking capacity at Reșița, with seamless pipe rolling capacity up to 200,000 metric tons at Slatina.
  • Deal expands Tenaris’s industrial pipe product range, strengthening manufacturing footprint for European industrial customers.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tenaris SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605081819PRIMZONEFULLFEED9716815) on May 08, 2026, and is solely responsible for the information contained therein.