Investor Presentation

Global OCTG Demand [Mill Tn] ■ USA & CANADA ■ LATIN AMERICA 17.6 ■ INTERNATIONAL ■ CHINA & RUSSIA 8.0 15.4 15.4 13.7 11.8 5.9 5.5 9.6 5.8 4.0 0.7 1.1 0.6 2.3 0.8 3.2 0.6 3.3 3.8 2.5 2.6 2.7 5.5 5.9 4.8 4.4 4.8 3.9 2014 2015 2016 2017 2018 2019 Investor Presentation Tenaris March 2020 5

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