Guillermo Moreno

“Well, thank you, Gabriel, and with more than Sebastian. Well, in the case of the U.S., let me first start with how we are in the market. So far, since the beginning of the conflict in Iran, we have seen activity increase by almost 10 percent, so an addition of around 50 rigs.”

“As you said, we are expecting upside in both in terms of activity and sales and in prices moving forward.”

“Well, regarding your question about the trajectory of margins in the U.S., and particularly for our ERW pipes, clearly the recent increase of prices of the hot recoil and still the reduction of prices for the same products is putting a lot of pressure on our margins, and that is going to be reflected mainly in the…”