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Note 21 - Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Note 21 - Borrowings |
Disclosure of detailed information about borrowings [text block] |
| Year ended December 31, |
| 2023 |  |  | 2022 |
Non-current |  |  |  |  |
Bank borrowings | 48,304 |  |  | 46,433 |
| 48,304 |  |  | 46,433 |
Current |  |  |  |  |
Bank borrowings | 513,909 |  |  | 682,255 |
Bank overdrafts | 21,224 |  |  | 94 |
Costs of issue of debt | - |  |  | (20 | )
| 535,133 |  |  | 682,329 |
Total Borrowings | 583,437 |  |  | 728,762 |
Disclosure of detailed information about the maturity of borrowings [text block] |
At December 31, 2023 | 1 year or less |  |  | 1 - 2 years |  |  | 2 – 3 years |  |  | Over 3 years |  |  | Total |
Borrowings | 535,133 |  |  | 46,804 |  |  | 1,500 |  |  | - |  |  | 583,437 |
Total borrowings | 535,133 |  |  | 46,804 |  |  | 1,500 |  |  | - |  |  | 583,437 |
Interest to be accrued | 10,510 |  |  | 3,533 |  |  | 283 |  |  | - |  |  | 14,326 |
Total | 545,643 |  |  | 50,337 |  |  | 1,783 |  |  | - |  |  | 597,763 |
At December 31, 2022 | 1 year or less |  |  | 1 - 2 years |  |  | 2 – 3 years |  |  | Over 3 years |  |  | Total |
Borrowings | 682,329 |  |  | 41,933 |  |  | 3,000 |  |  | 1,500 |  |  | 728,762 |
Total borrowings | 682,329 |  |  | 41,933 |  |  | 3,000 |  |  | 1,500 |  |  | 728,762 |
Interest to be accrued (*) | 26,153 |  |  | 821 |  |  | 64 |  |  | 8 |  |  | 27,046 |
Total | 708,482 |  |  | 42,754 |  |  | 3,064 |  |  | 1,508 |  |  | 755,808 |
(*) Includes the effect of hedge accounting.
Disclosure of detailed information about significant borrowings [text block] |
In millions of U.S. dollars |  |  |  |
Disbursement date | Borrower | Type | Final maturity | Outstanding
2023 | Tubos de Acero de Mexico S.A. | Bilateral | 2024 | 200
2023 | Tenaris Tubocaribe Ltda. | Bilateral | 2024 | 60
2023 | Confab Industrial S.A. | Bilateral | 2024 | 40
2017 | Global Pipe Company | Bilateral | 2024 / 2025 | 39
Disclosure of detailed information about weighted average interest rates of borrowings [text block] |
| 2023 |  |  | 2022 |
Total borrowings | 10.56% |  |  | 9.45% |
Disclosure of detailed information about borrowings by currency and rate [text block] |
|  | Year ended December 31, |
Currency | Interest rates | 2023 |  |  | 2022 |
USD | Variable | 20,000 |  |  | 20,000 |
SAR | Fixed | 23,803 |  |  | 18,933 |
SAR | Variable | 4,501 |  |  | 7,500 |
Total non-current borrowings |  | 48,304 |  |  | 46,433 |
|  | Year ended December 31, |
Currency | Interest rates | 2023 |  |  | 2022 |
USD | Variable | 221,008 |  |  | 200,350 |
USD | Fixed | 111,654 |  |  | 206,336 |
BRL | Variable | 39,947 |  |  | - |
EUR | Fixed | 25,104 |  |  | 26,829 |
MXN | Fixed | - |  |  | 141,802 |
ARS | Fixed | 23,462 |  |  | 74,025 |
SAR | Variable | 3,035 |  |  | 3,023 |
SAR | Fixed | 110,923 |  |  | 29,964 |
Total current borrowings |  | 535,133 |  |  | 682,329 |
Disclosure of borrowings evolution [text block] |
| Year ended December 31, 2023 |
| Non-current |  |  | Current |
At the beginning of the year | 46,433 |  |  | 682,329 |
Translation differences | 45 |  |  | (74,851 | )
Proceeds and repayments, net | 20,000 |  |  | (231,797 | )
Interests accrued less payments | 11 |  |  | (2,702 | )
Reclassifications | (18,185 | ) |  | 18,185 |
Increase due to business combinations (*) | - |  |  | 122,839 |
Overdrafts variation | - |  |  | 21,130 |
At the end of the year | 48,304 |  |  | 535,133 |
(*) Related to the GPC acquisition, for more information see note 34 to these Consolidated Financial Statements.

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