Particle.news
Download on the App Store

Techint’s Paolo Rocca Rebuts Milei Over LNG Pipe Tender, Warns of Steel Dumping Risks

In a public letter, Tenaris says it matched the Indian price, urging trade safeguards as Argentina opens its market.

Overview

  • SESA awarded 137,000 tonnes of 36-inch anti-corrosion pipes for an LNG export project to India’s Welspun after a private tender.
  • Tenaris says it bid USD 2,090 per tonne then cut its price by 24% to match the rival offer but was not selected.
  • The government defends the decision on cost grounds, while Rocca points to global steel overcapacity and dumping pressure in more open markets.
  • Rocca cites recent ArgentinaU.S. commitments on economic security and subsidy reviews as a basis for enforcing fair-trade rules.
  • He notes the lost order equals roughly 60% of Argentina’s annual welded‑tube market, highlights USD 5.4 billion in 2024–26 investments, and calls for dialogue, with no formal antidumping case or reversal reported.