<SEC-DOCUMENT>0001193125-18-296544.txt : 20181219
<SEC-HEADER>0001193125-18-296544.hdr.sgml : 20181219
<ACCEPTANCE-DATETIME>20181010111304
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-18-296544
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20181010

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENARIS SA
		CENTRAL INDEX KEY:			0001190723
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		29 AVENUE DE LA PORTE-NEUVE
		STREET 2:		3RD FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L 2227
		BUSINESS PHONE:		212-376-6500

	MAIL ADDRESS:	
		STREET 1:		29 AVENUE DE LA PORTE-NEUVE
		STREET 2:		3RD FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L 2227
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:15.00em; font-size:8pt; font-family:Times New Roman">Tenaris S.A.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:15.00em; font-size:8pt; font-family:Times New Roman">29, Avenue de la Porte-Neuve</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:15.00em; font-size:8pt; font-family:Times New Roman">L &#151; 2227</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:15.00em; font-size:8pt; font-family:Times New Roman">LUXEMBOURG</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">October&nbsp;10, 2018 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Cecilia Blye, </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Office of Global Security Risk,
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission, </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E.,
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549-4631. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Tenaris S.A. </B></P></TD></TR></TABLE>
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<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Form <FONT STYLE="white-space:nowrap">20-F</FONT> for the Fiscal Year Ended December&nbsp;31, 2017
</B></P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Filed April&nbsp;30, 2018 </B></P></TD></TR></TABLE>
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<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;1-31518</FONT> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Ms.&nbsp;Blye: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Set out below is the
response of Tenaris S.A. (&#147;<U>Tenaris</U>&#148; or the &#147;<U>Company</U>&#148;), to the comment of the Staff of the United States Securities and Exchange Commission (the &#147;<U>Staff</U>&#148;) set forth in its letter dated
September&nbsp;26, 2018, to Mr.&nbsp;Paolo Rocca, the Company&#146;s Chairman and Chief Executive Officer. The response below is keyed to the heading indicated in the Staff&#146;s comment and is designated with the letter &#147;R&#148; below the
comment. The comment itself is set forth in boldface type. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>It appears from the website of Reliable Pipe&nbsp;&amp; Tubes Ltd. that the company is a dealer and
distributor of your products in Sudan and Syria. Sudan and Syria are designated by the U.S. Department of State as state sponsors of terrorism and are subject to U.S. economic sanctions and/or export controls. You do not include disclosure in the
Form <FONT STYLE="white-space:nowrap">20-F</FONT> about contacts with those countries. Please describe to us the nature and extent of any past, current and anticipated contacts with Sudan and Syria, including with their governments, whether through
subsidiaries, distributors, affiliates or other direct or indirect arrangements. Please also discuss the materiality of any contacts, in quantitative terms and in terms of qualitative factors that a reasonable investor would deem important in making
an investment decision. Tell us the approximate dollar amounts of any revenues, assets and liabilities associated with Sudan and Syria for the last three fiscal years and the subsequent interim period. Address for us the potential impact of the
investor sentiment evidenced by divestment and similar initiatives that have been directed toward companies that have operations associated with U.S.-designated state sponsors of terrorism. </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">R:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">In response to the Staff&#146;s comment, the Company informs the Staff that during the fiscal years 2015, 2016
and 2017, Tenaris did not sell any product, did not conduct any business, and had no contact whatsoever in Sudan or Syria, neither directly nor indirectly, through the Company&#146;s subsidiaries, distributors, affiliates or any other direct or
indirect arrangements. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">The Company advises the Staff that, as of the date of this letter, the Company does not have
(i)&nbsp;any employees in Sudan or Syria, (ii)&nbsp;any subsidiaries or representation offices in Sudan or Syria, or (iii)&nbsp;any agreements, arrangements or other contacts with the Sudanese or Syrian governments or entities controlled by them. In
addition, the Company does not currently have and does not anticipate or intend to have any contacts with Sudan and Syria (including with their governments) in the future. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">In particular, the Company advises the Staff that (i)&nbsp;it does not have any direct or indirect relationship with Reliable Pipe&nbsp;&amp;
Tubes Ltd. (&#147;<U>RPTL</U>&#148;), (ii) RPTL is not, and has not in the past been, a customer, distributor, dealer or agent of the Company or any of its subsidiaries, (iii)&nbsp;RPTL is not, and has never been, authorized to sell or distribute,
nor to the knowledge of the Company has RPTL in the past sold or distributed, any products or services of the Company or any of its subsidiaries anywhere in the world, and (iv)&nbsp;RPTL is not licensed to use any trademark, tradename or logo of the
Company or any of its subsidiaries. It was not until the Company received the Staff&#146;s comment that the Company became aware that RPTL was using its website to display and publish the Company&#146;s trademarks and tradenames for the purposes of
advertising itself as an alleged supplier of the Company and its products, and offering to the public &#151;in several jurisdictions around the world&#151; products allegedly manufactured by the Company and its subsidiaries. </P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">Following receipt of the Staff&#146;s comment letter, the Company requested RPTL to
immediately remove any references to &#147;Tenaris&#148; and its trademarks from its website. On October&nbsp;8, 2018, RPTL acknowledged the Company&#146;s request and indicated that its IT team had been instructed to remove Tenaris&#146;s logos and
other details from RPTL&#146;s website as instructed by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * * * </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company acknowledges that it is responsible for the adequacy and accuracy of the disclosure in its filings. In addition, the Company
acknowledges that the Staff&#146;s comments or changes to the Company&#146;s disclosure in response to the Staff&#146;s comments do not foreclose the Commission from taking any action with respect to the Company&#146;s filings and that the Company
may not assert the Staff&#146;s comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have any questions relating to this letter, please feel free to call Robert S.
Risoleo of Sullivan&nbsp;&amp; Cromwell LLP at (202) <FONT STYLE="white-space:nowrap">956-7510.</FONT> He may also be reached by facsimile at (202) <FONT STYLE="white-space:nowrap">956-6974</FONT> and by
<FONT STYLE="white-space:nowrap">e-mail</FONT> at <U>risoleor@sullcrom.com</U>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:73%; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:73%; font-size:10pt; font-family:Times New Roman"><U>/s/ Edgardo Carlos&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:73%; font-size:10pt; font-family:Times New Roman">Edgardo Carlos </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; font-size:10pt; font-family:Times New Roman">Chief Financial
Officer </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">cc:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amanda Ravitz</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Assistant
Director</P></TD></TR>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">(Securities and Exchange Commission)</TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cristian J. P. Mitrani</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Diego E.
Parise</P></TD></TR>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">(Mitrani, Caballero&nbsp;&amp; Ruiz Moreno)</TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Robert S. Risoleo<BR>(Sullivan&nbsp;&amp; Cromwell LLP)</TD></TR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
