Italian steel pipe maker Tenaris forecasts a slowdown in fourth-quarter sales and EBITDA due to sluggish demand in Mexico and Saudi Arabia, as well as lower prices of oil country tubular goods (OCTG) in the Americas. In the third quarter, operating income dropped 38% to $537 million, while net income fell 16% year-over-year to $459 million. Net sales were down 10% at $2.92 billion. Tenaris expects sales and EBITDA to recover in 2025 with increased shipments in North America and the Middle East. The company also approved an interim dividend payment of $0.27 per share or about $300 million and a $700 million follow-on share buyback.