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Note 21 - Borrowings (Tables)

12 Months Ended

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.