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Investor Presentation

US OCTG Market Dynamics Mill tons US OCTG Demand 7 8 1654 3 2 1 60% 50% 40% 30% 20% 10% 0% 2019 MA 0 2014 2015 Domestic 2016 Imports 2017 2018 % Domestic supply Investor Presentation Tenaris March 2020 8
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