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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:type="locator"/>
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    <link:label xlink:label="ts_StatementScenarioAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
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    <link:label xlink:label="ts_MatesiMaterialesSiderrgicosSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Matesi Materiales Sider&#250;rgicos S.A [member]</link:label>
    <link:label xlink:label="ts_MatesiMaterialesSiderrgicosSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Matesi Materiales Sider&#250;rgicos S.A.</link:label>
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    <link:label xlink:label="ts_NationalizationOfSubsidiariesPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationalization of subsidiaries, pre-award interest</link:label>
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    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationalization of subsidiaries, compensation award including pre-award interest</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount awarded, including pre-award interest, as compensation for the nationalization of subsidiaries.</link:label>
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    <link:label xlink:label="ts_StatementLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Line Items [Line Items]</link:label>
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    <link:loc xlink:href="ts-20171231.xsd#ts_TavsaAndComsiguaMember" xlink:label="ts_TavsaAndComsiguaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TavsaAndComsiguaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tavsa and Comsigua [member]</link:label>
    <link:label xlink:label="ts_TavsaAndComsiguaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entities AVSA - Tubos de Acero de Venezuela S.A. and Complejo Sider&#250;rgico de Guayana, C.A.</link:label>
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    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:label="ts_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:type="locator"/>
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    <link:label xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</link:label>
    <link:label xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayments of borrowings</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:type="locator"/>
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    <link:loc xlink:href="ts-20171231.xsd#ts_DocumentAndEntityInformation" xlink:label="ts_DocumentAndEntityInformation" xlink:type="locator"/>
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    <link:loc xlink:href="ts-20171231.xsd#ts_DescriptionOfAccountingPolicyForCurrentAndDeferredIncomeTaxTextBlock" xlink:label="ts_DescriptionOfAccountingPolicyForCurrentAndDeferredIncomeTaxTextBlock" xlink:type="locator"/>
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    <link:label xlink:label="ts_DescriptionOfAccountingPolicyForCurrentAndDeferredIncomeTaxTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for current and deferred income tax.</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:type="locator"/>
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    <link:loc xlink:href="ts-20171231.xsd#ts_NationalizationOfSubsidiariesReimbursementOfLegalFees" xlink:label="ts_NationalizationOfSubsidiariesReimbursementOfLegalFees" xlink:type="locator"/>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesReimbursementOfLegalFees-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NationalizationOfSubsidiariesReimbursementOfLegalFees</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesReimbursementOfLegalFees-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationalization of subsidiaries, reimbursement of legal fees</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesReimbursementOfLegalFees-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of reimbursement of legal fees associated with the nationalization of subsidiaries.</link:label>
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    <link:loc xlink:href="ts-20171231.xsd#ts_NoteToFinancialStatementDetailsTextual" xlink:label="ts_NoteToFinancialStatementDetailsTextual" xlink:type="locator"/>
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    <link:loc xlink:href="ts-20171231.xsd#ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:label="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:type="locator"/>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationalization of subsidiaries, basis spread on variable rate</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage points added to the reference rate to compute the variable rate on the interest receivable associated with the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:to="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-significant-accounting-policies-policies" xlink:label="ts_statement-statement-significant-accounting-policies-policies" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-significant-accounting-policies-policies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TopOfRangeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Top of range [member]</link:label>
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    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-accounting-policies-tables" xlink:label="ts_statement-statement-accounting-policies-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-accounting-policies-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-accounting-policies-tables" xlink:to="ts_statement-statement-accounting-policies-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinanceLeaseLiabilitiesMember" xlink:label="ts_FinanceLeaseLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_FinanceLeaseLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance lease liabilities [member]</link:label>
    <link:label xlink:label="ts_FinanceLeaseLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents finance lease liabilities.</link:label>
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    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-financial-risk-management-tables" xlink:label="ts_statement-statement-financial-risk-management-tables" xlink:type="locator"/>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageMember" xlink:label="ifrs-full_WeightedAverageMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageMember" xlink:to="ifrs-full_WeightedAverageMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:label="ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for basis of presentation [text block]</link:label>
    <link:label xlink:label="ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for basis of presentation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:to="ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-1-segment-information-tables" xlink:label="ts_statement-statement-note-1-segment-information-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-1-segment-information-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 1 - Segment Information</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-1-segment-information-tables" xlink:to="ts_statement-statement-note-1-segment-information-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-2-cost-of-sales-tables" xlink:label="ts_statement-statement-note-2-cost-of-sales-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-2-cost-of-sales-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 2 - Cost of Sales</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-2-cost-of-sales-tables" xlink:to="ts_statement-statement-note-2-cost-of-sales-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BankBorrowingsMember" xlink:label="ts_BankBorrowingsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_BankBorrowingsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank borrowings [member]</link:label>
    <link:label xlink:label="ts_BankBorrowingsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents bank borrowings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BankBorrowingsMember" xlink:to="ts_BankBorrowingsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FixedInterestRateMember" xlink:label="ifrs-full_FixedInterestRateMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FixedInterestRateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed interest rate [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FixedInterestRateMember" xlink:to="ifrs-full_FixedInterestRateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-3-selling-general-and-administrative-expenses-tables" xlink:label="ts_statement-statement-note-3-selling-general-and-administrative-expenses-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-3-selling-general-and-administrative-expenses-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 3 - Selling, General and Administrative Expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-3-selling-general-and-administrative-expenses-tables" xlink:to="ts_statement-statement-note-3-selling-general-and-administrative-expenses-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:label="ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current borrowings before costs of issue of debt</link:label>
    <link:label xlink:label="ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current borrowings before the costs of issue of debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-tables" xlink:label="ts_statement-statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 4 - Labor Costs - Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-tables" xlink:to="ts_statement-statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsFromUsedInInvestingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="ifrs-full_FloatingInterestRateMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FloatingInterestRateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FloatingInterestRateMember" xlink:to="ifrs-full_FloatingInterestRateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentCostsOfIssueOfDebt" xlink:label="ts_NoncurrentCostsOfIssueOfDebt" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NoncurrentCostsOfIssueOfDebt</link:label>
    <link:label xlink:label="ts_NoncurrentCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Non-current costs of issue of debt</link:label>
    <link:label xlink:label="ts_NoncurrentCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of costs of issue of debt classified as non-current.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentCostsOfIssueOfDebt" xlink:to="ts_NoncurrentCostsOfIssueOfDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesMember" xlink:label="ifrs-full_RangesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RangesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangesMember" xlink:to="ifrs-full_RangesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-5-other-operating-income-and-expenses-tables" xlink:label="ts_statement-statement-note-5-other-operating-income-and-expenses-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-5-other-operating-income-and-expenses-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Other Operating Income and Expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-5-other-operating-income-and-expenses-tables" xlink:to="ts_statement-statement-note-5-other-operating-income-and-expenses-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:label="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries</link:label>
    <link:label xlink:label="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisitions of non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BankOverdrafts1Member" xlink:label="ts_BankOverdrafts1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_BankOverdrafts1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank overdrafts [member]</link:label>
    <link:label xlink:label="ts_BankOverdrafts1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents bank overdrafts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BankOverdrafts1Member" xlink:to="ts_BankOverdrafts1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RangeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-6-financial-results-tables" xlink:label="ts_statement-statement-note-6-financial-results-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-6-financial-results-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 6 - Financial Results</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-6-financial-results-tables" xlink:to="ts_statement-statement-note-6-financial-results-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:label="ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current borrowings before costs of issue of debt</link:label>
    <link:label xlink:label="ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current borrowings before the costs of issue of debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-tables" xlink:label="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Equity in Earnings (Losses) of Non-consolidated Companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-tables" xlink:to="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherBorrowingsMember" xlink:label="ts_OtherBorrowingsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherBorrowingsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other borrowings [member]</link:label>
    <link:label xlink:label="ts_OtherBorrowingsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other borrowings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherBorrowingsMember" xlink:to="ts_OtherBorrowingsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-8-income-tax-tables" xlink:label="ts_statement-statement-note-8-income-tax-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-8-income-tax-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Income Tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-8-income-tax-tables" xlink:to="ts_statement-statement-note-8-income-tax-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:label="ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:type="locator"/>
    <link:label xlink:label="ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vehicles, furniture and fixtures, and other equipment [member]</link:label>
    <link:label xlink:label="ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for a class of property, plant and equipment representing vehicles, furniture and fixtures, and other equipment held by the entity for use in operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:to="ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestRateTypesMember" xlink:label="ifrs-full_InterestRateTypesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestRateTypesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate types [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateTypesMember" xlink:to="ifrs-full_InterestRateTypesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-10-property-plant-and-equipment-net-tables" xlink:label="ts_statement-statement-note-10-property-plant-and-equipment-net-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-10-property-plant-and-equipment-net-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 10 - Property, Plant and Equipment, Net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-10-property-plant-and-equipment-net-tables" xlink:to="ts_statement-statement-note-10-property-plant-and-equipment-net-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provided by (used in) investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentCostsOfIssueOfDebt" xlink:label="ts_CurrentCostsOfIssueOfDebt" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CurrentCostsOfIssueOfDebt</link:label>
    <link:label xlink:label="ts_CurrentCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Current costs of issue of debt</link:label>
    <link:label xlink:label="ts_CurrentCostsOfIssueOfDebt-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of costs of issue of debt classified as current.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentCostsOfIssueOfDebt" xlink:to="ts_CurrentCostsOfIssueOfDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="ifrs-full_TypesOfInterestRatesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfInterestRatesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesAxis" xlink:to="ifrs-full_TypesOfInterestRatesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-11-intangible-assets-net-tables" xlink:label="ts_statement-statement-note-11-intangible-assets-net-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-11-intangible-assets-net-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Intangible Assets, Net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-11-intangible-assets-net-tables" xlink:to="ts_statement-statement-note-11-intangible-assets-net-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UsefulLivesPropertyPlantAndEquipment" xlink:label="ts_UsefulLivesPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ts_UsefulLivesPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment (Year)</link:label>
    <link:label xlink:label="ts_UsefulLivesPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the useful lives or depreciation rates used for property, plant and equipment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UsefulLivesPropertyPlantAndEquipment" xlink:to="ts_UsefulLivesPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-12-investments-in-nonconsolidated-companies-tables" xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 12 - Investments in Non-consolidated Companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-tables" xlink:to="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BorrowingsIncludingInterestToBeAccrued" xlink:label="ts_BorrowingsIncludingInterestToBeAccrued" xlink:type="locator"/>
    <link:label xlink:label="ts_BorrowingsIncludingInterestToBeAccrued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_BorrowingsIncludingInterestToBeAccrued</link:label>
    <link:label xlink:label="ts_BorrowingsIncludingInterestToBeAccrued-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label xlink:label="ts_BorrowingsIncludingInterestToBeAccrued-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of borrowings including interest to be accrued.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BorrowingsIncludingInterestToBeAccrued" xlink:to="ts_BorrowingsIncludingInterestToBeAccrued-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-13-receivables-non-current-tables" xlink:label="ts_statement-statement-note-13-receivables-non-current-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-13-receivables-non-current-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Receivables - Non Current</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-13-receivables-non-current-tables" xlink:to="ts_statement-statement-note-13-receivables-non-current-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-14-inventories-tables" xlink:label="ts_statement-statement-note-14-inventories-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-14-inventories-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 14 - Inventories</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-14-inventories-tables" xlink:to="ts_statement-statement-note-14-inventories-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BuildingsAndImprovementsMember" xlink:label="ts_BuildingsAndImprovementsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_BuildingsAndImprovementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings and improvements [member]</link:label>
    <link:label xlink:label="ts_BuildingsAndImprovementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for a class of property, plant and equipment representing buildings and equipment held by the entity for use in operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BuildingsAndImprovementsMember" xlink:to="ts_BuildingsAndImprovementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:label="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in investments in securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:to="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-15-receivables-and-prepayments-tables" xlink:label="ts_statement-statement-note-15-receivables-and-prepayments-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-15-receivables-and-prepayments-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 15 - Receivables and Prepayments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-15-receivables-and-prepayments-tables" xlink:to="ts_statement-statement-note-15-receivables-and-prepayments-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PlantAndProductionEquipmentMember" xlink:label="ts_PlantAndProductionEquipmentMember" xlink:type="locator"/>
    <link:label xlink:label="ts_PlantAndProductionEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plant and production equipment [member]</link:label>
    <link:label xlink:label="ts_PlantAndProductionEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for a class of property, plant and equipment representing plant and production equipment used in operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PlantAndProductionEquipmentMember" xlink:to="ts_PlantAndProductionEquipmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-16-current-tax-assets-and-liabilities-tables" xlink:label="ts_statement-statement-note-16-current-tax-assets-and-liabilities-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-16-current-tax-assets-and-liabilities-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 16 - Current Tax Assets and Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-16-current-tax-assets-and-liabilities-tables" xlink:to="ts_statement-statement-note-16-current-tax-assets-and-liabilities-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:label="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod</link:label>
    <link:label xlink:label="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Investment in companies under cost method</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-17-trade-receivables-tables" xlink:label="ts_statement-statement-note-17-trade-receivables-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-17-trade-receivables-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Trade Receivables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-17-trade-receivables-tables" xlink:to="ts_statement-statement-note-17-trade-receivables-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-tables" xlink:label="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 18 - Cash and Cash Equivalents and Other Investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-tables" xlink:to="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-tables" xlink:label="ts_statement-statement-note-19-borrowings-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-tables" xlink:to="ts_statement-statement-note-19-borrowings-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-20-deferred-income-tax-tables" xlink:label="ts_statement-statement-note-20-deferred-income-tax-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-20-deferred-income-tax-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Deferred Income Tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-20-deferred-income-tax-tables" xlink:to="ts_statement-statement-note-20-deferred-income-tax-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures</link:label>
    <link:label xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital expenditures</link:label>
    <link:label xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherCurrencyMember" xlink:label="ts_OtherCurrencyMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherCurrencyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other currency [member]</link:label>
    <link:label xlink:label="ts_OtherCurrencyMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents currencies not otherwise specified.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherCurrencyMember" xlink:to="ts_OtherCurrencyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from disposal of Conduit business</link:label>
    <link:label xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:to="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings by currency and rate [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about borrowings by currency and rate.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-21-other-liabilities-tables" xlink:label="ts_statement-statement-note-21-other-liabilities-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-21-other-liabilities-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Other Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-21-other-liabilities-tables" xlink:to="ts_statement-statement-note-21-other-liabilities-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_Currency1Axis" xlink:label="ts_Currency1Axis" xlink:type="locator"/>
    <link:label xlink:label="ts_Currency1Axis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:label xlink:label="ts_Currency1Axis-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information by currency.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_Currency1Axis" xlink:to="ts_Currency1Axis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-22-noncurrent-allowances-and-provisions-tables" xlink:label="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 22 - Non-current Allowances and Provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-tables" xlink:to="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrencyDomain" xlink:label="ts_CurrencyDomain" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrencyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrencyDomain" xlink:to="ts_CurrencyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-23-current-allowances-and-provisions-tables" xlink:label="ts_statement-statement-note-23-current-allowances-and-provisions-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-23-current-allowances-and-provisions-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 23 - Current Allowances and Provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-23-current-allowances-and-provisions-tables" xlink:to="ts_statement-statement-note-23-current-allowances-and-provisions-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:label="ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from disposal of property, plant and equipment and intangible assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:label="ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Detailed disclosure of cash and cash equivalents and other investments [text block]</link:label>
    <link:label xlink:label="ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The detailed disclosure of cash and cash equivalents and other investments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:to="ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-24-derivative-financial-instruments-tables" xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 24 - Derivative Financial Instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-24-derivative-financial-instruments-tables" xlink:to="ts_statement-statement-note-24-derivative-financial-instruments-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-tables" xlink:label="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 25 - Contingencies, Commitments and Restrictions On the Distribution of Profits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-tables" xlink:to="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:label="ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:type="locator"/>
    <link:label xlink:label="ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</link:label>
    <link:label xlink:label="ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fixed income (time-deposit, zero coupon bonds, commercial papers).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:to="ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:label="ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of cash and cash equivalents and other investments [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of cash and cash equivalents and other investments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:to="ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:label="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedge accounting reserve</link:label>
    <link:label xlink:label="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserve of cash flow hedges, continuing hedges</link:label>
    <link:label xlink:label="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Hedge accounting reserve</link:label>
    <link:label xlink:label="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Hedge accounting reserve</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:to="ifrs-full_ReserveOfCashFlowHedgesContinuingHedges-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-27-cash-flow-disclosures-tables" xlink:label="ts_statement-statement-note-27-cash-flow-disclosures-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-27-cash-flow-disclosures-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 27 - Cash Flow Disclosures</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-27-cash-flow-disclosures-tables" xlink:to="ts_statement-statement-note-27-cash-flow-disclosures-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-tables" xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 28 - Net Assets of Disposal Group Classified As Held for Sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-tables" xlink:to="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:to="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-29-related-party-transactions-tables" xlink:label="ts_statement-statement-note-29-related-party-transactions-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-29-related-party-transactions-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 29 - Related Party Transactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-29-related-party-transactions-tables" xlink:to="ts_statement-statement-note-29-related-party-transactions-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherInvestments1Member" xlink:label="ts_OtherInvestments1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherInvestments1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other investments [member]</link:label>
    <link:label xlink:label="ts_OtherInvestments1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments classified as other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherInvestments1Member" xlink:to="ts_OtherInvestments1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-30-principal-subsidiaries-tables" xlink:label="ts_statement-statement-note-30-principal-subsidiaries-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-30-principal-subsidiaries-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 30 - Principal Subsidiaries</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-30-principal-subsidiaries-tables" xlink:to="ts_statement-statement-note-30-principal-subsidiaries-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherInvestmentsCurrentAbstract" xlink:label="ts_OtherInvestmentsCurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherInvestmentsCurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other investments - current:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherInvestmentsCurrentAbstract" xlink:to="ts_OtherInvestmentsCurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-tables" xlink:label="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-tables" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 32 - Fees Paid to the Company's Principal Accountant</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-tables" xlink:to="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BondsAndOtherFixedIncomeMember" xlink:label="ts_BondsAndOtherFixedIncomeMember" xlink:type="locator"/>
    <link:label xlink:label="ts_BondsAndOtherFixedIncomeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bonds and other fixed income [member]</link:label>
    <link:label xlink:label="ts_BondsAndOtherFixedIncomeMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents bonds and other fixed income.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BondsAndOtherFixedIncomeMember" xlink:to="ts_BondsAndOtherFixedIncomeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-accounting-policies-estimated-useful-lives-of-property-plant-and-equipment-details" xlink:label="ts_statement-statement-accounting-policies-estimated-useful-lives-of-property-plant-and-equipment-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-accounting-policies-estimated-useful-lives-of-property-plant-and-equipment-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-accounting-policies-estimated-useful-lives-of-property-plant-and-equipment-details" xlink:to="ts_statement-statement-accounting-policies-estimated-useful-lives-of-property-plant-and-equipment-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FundInvestmentsMember" xlink:label="ts_FundInvestmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_FundInvestmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fund investments [member]</link:label>
    <link:label xlink:label="ts_FundInvestmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fund investments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FundInvestmentsMember" xlink:to="ts_FundInvestmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfHedgesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of hedges [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-financial-risk-management-financial-assets-and-liabilities-which-impact-profit-and-loss-details" xlink:label="ts_statement-statement-financial-risk-management-financial-assets-and-liabilities-which-impact-profit-and-loss-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-financial-risk-management-financial-assets-and-liabilities-which-impact-profit-and-loss-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Risk Management - Financial Assets and Liabilities Which Impact Profit and Loss (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-financial-risk-management-financial-assets-and-liabilities-which-impact-profit-and-loss-details" xlink:to="ts_statement-statement-financial-risk-management-financial-assets-and-liabilities-which-impact-profit-and-loss-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DebtToEquityRatio" xlink:label="ts_DebtToEquityRatio" xlink:type="locator"/>
    <link:label xlink:label="ts_DebtToEquityRatio-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DebtToEquityRatio</link:label>
    <link:label xlink:label="ts_DebtToEquityRatio-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt to equity ratio</link:label>
    <link:label xlink:label="ts_DebtToEquityRatio-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The year-end ratio of debt to total equity (where &#8220;debt&#8221; comprises financial borrowings and &#8220;total equity&#8221; is the sum of financial borrowings and equity).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DebtToEquityRatio" xlink:to="ts_DebtToEquityRatio-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-financial-risk-management-proportions-of-variablerate-and-fixedrate-debt-details" xlink:label="ts_statement-statement-financial-risk-management-proportions-of-variablerate-and-fixedrate-debt-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-financial-risk-management-proportions-of-variablerate-and-fixedrate-debt-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Risk Management - Proportions of Variable-rate and Fixed-rate Debt (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-financial-risk-management-proportions-of-variablerate-and-fixedrate-debt-details" xlink:to="ts_statement-statement-financial-risk-management-proportions-of-variablerate-and-fixedrate-debt-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-financial-risk-management-financial-instruments-and-classification-within-the-fair-value-hierarchy-details" xlink:label="ts_statement-statement-financial-risk-management-financial-instruments-and-classification-within-the-fair-value-hierarchy-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-financial-risk-management-financial-instruments-and-classification-within-the-fair-value-hierarchy-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Risk Management - Financial Instruments and Classification Within the Fair Value Hierarchy (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-financial-risk-management-financial-instruments-and-classification-within-the-fair-value-hierarchy-details" xlink:to="ts_statement-statement-financial-risk-management-financial-instruments-and-classification-within-the-fair-value-hierarchy-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherInvestmentsNoncurrentAbstract" xlink:label="ts_OtherInvestmentsNoncurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherInvestmentsNoncurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other investments - Non-current:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherInvestmentsNoncurrentAbstract" xlink:to="ts_OtherInvestmentsNoncurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfHedgesMember" xlink:label="ifrs-full_TypesOfHedgesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfHedgesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedges [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesMember" xlink:to="ifrs-full_TypesOfHedgesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-financial-risk-management-changes-in-level-3-assets-and-liabilities-details" xlink:label="ts_statement-statement-financial-risk-management-changes-in-level-3-assets-and-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-financial-risk-management-changes-in-level-3-assets-and-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Risk Management - Changes in Level 3 Assets and Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-financial-risk-management-changes-in-level-3-assets-and-liabilities-details" xlink:to="ts_statement-statement-financial-risk-management-changes-in-level-3-assets-and-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:label="ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:type="locator"/>
    <link:label xlink:label="ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non taxable income / Non deductible expenses, net</link:label>
    <link:label xlink:label="ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to revenues that are exempt from taxation and to expenses not deductible in determining taxable profit (tax loss).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:to="ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-1-segment-information-reportable-operating-segments-details" xlink:label="ts_statement-statement-note-1-segment-information-reportable-operating-segments-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-1-segment-information-reportable-operating-segments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 1 - Segment Information - Reportable Operating Segments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-1-segment-information-reportable-operating-segments-details" xlink:to="ts_statement-statement-note-1-segment-information-reportable-operating-segments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfInterestsInAssociates" xlink:label="ifrs-full_PurchaseOfInterestsInAssociates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchaseOfInterestsInAssociates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label xlink:label="ifrs-full_PurchaseOfInterestsInAssociates-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Investment in non-consolidated companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfInterestsInAssociates" xlink:to="ifrs-full_PurchaseOfInterestsInAssociates-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UsDollarBrazilianRealForeignExchangeRiskMember" xlink:label="ts_UsDollarBrazilianRealForeignExchangeRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_UsDollarBrazilianRealForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">U.S. dollar / Brazilian Real foreign exchange risk [member]</link:label>
    <link:label xlink:label="ts_UsDollarBrazilianRealForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a U.S. dollar / Brazilian Real foreign exchange risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UsDollarBrazilianRealForeignExchangeRiskMember" xlink:to="ts_UsDollarBrazilianRealForeignExchangeRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ConcentrationRiskPercentage" xlink:label="ts_ConcentrationRiskPercentage" xlink:type="locator"/>
    <link:label xlink:label="ts_ConcentrationRiskPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage</link:label>
    <link:label xlink:label="ts_ConcentrationRiskPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Concentration Risk, percentage</link:label>
    <link:label xlink:label="ts_ConcentrationRiskPercentage-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ConcentrationRiskPercentage" xlink:to="ts_ConcentrationRiskPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-1-segment-information-geographical-information-details" xlink:label="ts_statement-statement-note-1-segment-information-geographical-information-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-1-segment-information-geographical-information-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 1 - Segment Information - Geographical Information (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-1-segment-information-geographical-information-details" xlink:to="ts_statement-statement-note-1-segment-information-geographical-information-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:label="ts_ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ArgentinePesoUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Argentine Peso / U.S. dollar foreign exchange risk [member]</link:label>
    <link:label xlink:label="ts_ArgentinePesoUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a Argentine Peso / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:to="ts_ArgentinePesoUsDollarForeignExchangeRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-2-cost-of-sales-components-of-cost-of-sales-details" xlink:label="ts_statement-statement-note-2-cost-of-sales-components-of-cost-of-sales-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-2-cost-of-sales-components-of-cost-of-sales-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 2 - Cost of Sales - Components of Cost of Sales (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-2-cost-of-sales-components-of-cost-of-sales-details" xlink:to="ts_statement-statement-note-2-cost-of-sales-components-of-cost-of-sales-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about hedged items [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EuroUsDollarForeignExchangeRiskMember" xlink:label="ts_EuroUsDollarForeignExchangeRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_EuroUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Euro / U.S. dollar foreign exchange risk [member]</link:label>
    <link:label xlink:label="ts_EuroUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a Euro / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EuroUsDollarForeignExchangeRiskMember" xlink:to="ts_EuroUsDollarForeignExchangeRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details" xlink:label="ts_statement-statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 3 - Selling, General and Administrative Expenses - Components of Selling, General and Administrative Expenses (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details" xlink:to="ts_statement-statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock" xlink:label="ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of difference between income before tax and the theoretical amount that would arise using tax rate in each country [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about the differences between income before tax and the theoretical amount that would arise using the tax rate in each country.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock" xlink:to="ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details" xlink:label="ts_statement-statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 4 - Labor Costs - Summary of Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses) (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details" xlink:to="ts_statement-statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:label="ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:type="locator"/>
    <link:label xlink:label="ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher</link:label>
    <link:label xlink:label="ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on interest rate risk if market interest rates were higher</link:label>
    <link:label xlink:label="ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of potential gain (loss) on interest rate risk if the market interest rates were higher.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:to="ts_GainLossOnInterestRateRiskIfMarketInterestRatesWereHigher-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-5-other-operating-income-and-expenses-components-of-other-operating-income-and-expenses-details" xlink:label="ts_statement-statement-note-5-other-operating-income-and-expenses-components-of-other-operating-income-and-expenses-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-5-other-operating-income-and-expenses-components-of-other-operating-income-and-expenses-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Other Operating Income and Expenses - Components of Other Operating Income and Expenses (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-5-other-operating-income-and-expenses-components-of-other-operating-income-and-expenses-details" xlink:to="ts_statement-statement-note-5-other-operating-income-and-expenses-components-of-other-operating-income-and-expenses-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentBorrowingsMember" xlink:label="ts_CurrentBorrowingsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentBorrowingsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Borrowings [member]</link:label>
    <link:label xlink:label="ts_CurrentBorrowingsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents borrowings classified as current.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentBorrowingsMember" xlink:to="ts_CurrentBorrowingsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends received from non-consolidated companies</link:label>
    <link:label xlink:label="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends and distributions received (*)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" xlink:to="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-6-financial-results-financial-income-cost-details" xlink:label="ts_statement-statement-note-6-financial-results-financial-income-cost-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-6-financial-results-financial-income-cost-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 6 - Financial Results - Financial Income (Cost) (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-6-financial-results-financial-income-cost-details" xlink:to="ts_statement-statement-note-6-financial-results-financial-income-cost-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-equity-in-earnings-losses-of-nonconsolidated-companies-details" xlink:label="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-equity-in-earnings-losses-of-nonconsolidated-companies-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-equity-in-earnings-losses-of-nonconsolidated-companies-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Equity in Earnings (Losses) of Non-consolidated Companies - Equity in Earnings (Losses) of Non-consolidated Companies (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-equity-in-earnings-losses-of-nonconsolidated-companies-details" xlink:to="ts_statement-statement-note-7-equity-in-earnings-losses-of-nonconsolidated-companies-equity-in-earnings-losses-of-nonconsolidated-companies-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GuaranteesUnderCreditInsuranceMember" xlink:label="ts_GuaranteesUnderCreditInsuranceMember" xlink:type="locator"/>
    <link:label xlink:label="ts_GuaranteesUnderCreditInsuranceMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guarantees under credit insurance [member]</link:label>
    <link:label xlink:label="ts_GuaranteesUnderCreditInsuranceMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents guarantees under credit insurance.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GuaranteesUnderCreditInsuranceMember" xlink:to="ts_GuaranteesUnderCreditInsuranceMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-8-income-tax-summary-of-income-tax-expense-benefit-details" xlink:label="ts_statement-statement-note-8-income-tax-summary-of-income-tax-expense-benefit-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-8-income-tax-summary-of-income-tax-expense-benefit-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Income Tax - Summary of Income Tax Expense (Benefit) (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-8-income-tax-summary-of-income-tax-expense-benefit-details" xlink:to="ts_statement-statement-note-8-income-tax-summary-of-income-tax-expense-benefit-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-8-income-tax-summary-of-differences-between-income-tax-and-theoretical-amount-using-tax-rate-in-each-country-details" xlink:label="ts_statement-statement-note-8-income-tax-summary-of-differences-between-income-tax-and-theoretical-amount-using-tax-rate-in-each-country-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-8-income-tax-summary-of-differences-between-income-tax-and-theoretical-amount-using-tax-rate-in-each-country-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Income Tax - Summary of Differences Between Income Tax and Theoretical Amount Using Tax Rate in Each Country (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-8-income-tax-summary-of-differences-between-income-tax-and-theoretical-amount-using-tax-rate-in-each-country-details" xlink:to="ts_statement-statement-note-8-income-tax-summary-of-differences-between-income-tax-and-theoretical-amount-using-tax-rate-in-each-country-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about income tax expense (benefit) [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about income tax expense (benefit).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-10-property-plant-and-equipment-net-components-of-property-plant-and-equipment-net-details" xlink:label="ts_statement-statement-note-10-property-plant-and-equipment-net-components-of-property-plant-and-equipment-net-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-10-property-plant-and-equipment-net-components-of-property-plant-and-equipment-net-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 10 - Property, Plant and Equipment, Net - Components of Property, Plant and Equipment, Net (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-10-property-plant-and-equipment-net-components-of-property-plant-and-equipment-net-details" xlink:to="ts_statement-statement-note-10-property-plant-and-equipment-net-components-of-property-plant-and-equipment-net-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CustomerConcentrationRisk1Member" xlink:label="ts_CustomerConcentrationRisk1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_CustomerConcentrationRisk1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer concentration risk [member]</link:label>
    <link:label xlink:label="ts_CustomerConcentrationRisk1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reflects the percentage that revenues or credit exposure in the period are from one or more significant customers. The risk is the materially adverse effects of loss of a significant customer.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CustomerConcentrationRisk1Member" xlink:to="ts_CustomerConcentrationRisk1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-11-intangible-assets-net-intangible-assets-and-goodwill-details" xlink:label="ts_statement-statement-note-11-intangible-assets-net-intangible-assets-and-goodwill-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-11-intangible-assets-net-intangible-assets-and-goodwill-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Intangible Assets, Net - Intangible Assets and Goodwill (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-11-intangible-assets-net-intangible-assets-and-goodwill-details" xlink:to="ts_statement-statement-note-11-intangible-assets-net-intangible-assets-and-goodwill-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in advance to suppliers of property, plant and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities" xlink:to="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-11-intangible-asset-net-goodwill-allocated-by-cgu-details" xlink:label="ts_statement-statement-note-11-intangible-asset-net-goodwill-allocated-by-cgu-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-11-intangible-asset-net-goodwill-allocated-by-cgu-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Intangible Asset, Net - Goodwill Allocated by CGU (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-11-intangible-asset-net-goodwill-allocated-by-cgu-details" xlink:to="ts_statement-statement-note-11-intangible-asset-net-goodwill-allocated-by-cgu-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PastDueMember" xlink:label="ts_PastDueMember" xlink:type="locator"/>
    <link:label xlink:label="ts_PastDueMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past due [member]</link:label>
    <link:label xlink:label="ts_PastDueMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a financial instrument which is past due.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PastDueMember" xlink:to="ts_PastDueMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-investments-in-nonconsolidated-companies-details" xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-investments-in-nonconsolidated-companies-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-investments-in-nonconsolidated-companies-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 12 - Investments in Non-consolidated Companies - Summary of Investments in Non-consolidated Companies (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-investments-in-nonconsolidated-companies-details" xlink:to="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-investments-in-nonconsolidated-companies-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgingInstrumentsMember" xlink:label="ifrs-full_HedgingInstrumentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_HedgingInstrumentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging instruments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsMember" xlink:to="ifrs-full_HedgingInstrumentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LetterOfCreditAndOtherBankGuaranteesMember" xlink:label="ts_LetterOfCreditAndOtherBankGuaranteesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_LetterOfCreditAndOtherBankGuaranteesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letter of credit and other bank guarantees [member]</link:label>
    <link:label xlink:label="ts_LetterOfCreditAndOtherBankGuaranteesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents letter of credit and other bank guarantees.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LetterOfCreditAndOtherBankGuaranteesMember" xlink:to="ts_LetterOfCreditAndOtherBankGuaranteesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-12-investments-in-nonconsolidated-companies-principal-nonconsolidated-companies-details" xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-principal-nonconsolidated-companies-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-principal-nonconsolidated-companies-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 12 - Investments in Non-consolidated Companies - Principal Non-consolidated Companies (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-principal-nonconsolidated-companies-details" xlink:to="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-principal-nonconsolidated-companies-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgingInstrumentsAxis" xlink:label="ifrs-full_HedgingInstrumentsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_HedgingInstrumentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging instruments [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsAxis" xlink:to="ifrs-full_HedgingInstrumentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherGuaranteesMember" xlink:label="ts_OtherGuaranteesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherGuaranteesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other guarantees [member]</link:label>
    <link:label xlink:label="ts_OtherGuaranteesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other guarantees.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherGuaranteesMember" xlink:to="ts_OtherGuaranteesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-selected-financial-information-details" xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-selected-financial-information-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-selected-financial-information-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 12 - Investments in Non-consolidated Companies - Summary of Selected Financial Information (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-selected-financial-information-details" xlink:to="ts_statement-statement-note-12-investments-in-nonconsolidated-companies-summary-of-selected-financial-information-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-13-receivables-non-current-components-of-receivables-non-current-details" xlink:label="ts_statement-statement-note-13-receivables-non-current-components-of-receivables-non-current-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-13-receivables-non-current-components-of-receivables-non-current-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Receivables - Non Current - Components of Receivables Non Current (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-13-receivables-non-current-components-of-receivables-non-current-details" xlink:to="ts_statement-statement-note-13-receivables-non-current-components-of-receivables-non-current-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:label="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:type="locator"/>
    <link:label xlink:label="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency</link:label>
    <link:label xlink:label="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquid financial assets, percentage denominated by a specific currency</link:label>
    <link:label xlink:label="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of liquid financial assets that are denominated by a specific currency.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:to="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-14-inventories-components-of-inventories-details" xlink:label="ts_statement-statement-note-14-inventories-components-of-inventories-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-14-inventories-components-of-inventories-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 14 - Inventories - Components of Inventories (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-14-inventories-components-of-inventories-details" xlink:to="ts_statement-statement-note-14-inventories-components-of-inventories-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CounterpartyRiskMember" xlink:label="ts_CounterpartyRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CounterpartyRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty risk [member]</link:label>
    <link:label xlink:label="ts_CounterpartyRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the percentage of financial assets held with counter parties rated as investment grade.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CounterpartyRiskMember" xlink:to="ts_CounterpartyRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-15-receivables-and-prepayments-summary-of-receivables-and-prepayments-details" xlink:label="ts_statement-statement-note-15-receivables-and-prepayments-summary-of-receivables-and-prepayments-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-15-receivables-and-prepayments-summary-of-receivables-and-prepayments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 15 - Receivables and Prepayments - Summary of Receivables and Prepayments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-15-receivables-and-prepayments-summary-of-receivables-and-prepayments-details" xlink:to="ts_statement-statement-note-15-receivables-and-prepayments-summary-of-receivables-and-prepayments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LiquidFinancialAssetsPercentage" xlink:label="ts_LiquidFinancialAssetsPercentage" xlink:type="locator"/>
    <link:label xlink:label="ts_LiquidFinancialAssetsPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_LiquidFinancialAssetsPercentage</link:label>
    <link:label xlink:label="ts_LiquidFinancialAssetsPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquid financial assets, percentage</link:label>
    <link:label xlink:label="ts_LiquidFinancialAssetsPercentage-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of assets held that are liquid.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LiquidFinancialAssetsPercentage" xlink:to="ts_LiquidFinancialAssetsPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-assets-details" xlink:label="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-assets-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-assets-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 16 - Current Tax Assets and Liabilities - Summary of Current Tax Assets (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-assets-details" xlink:to="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-assets-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-liabilities-details" xlink:label="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 16 - Current Tax Assets and Liabilities - Summary of Current Tax Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-liabilities-details" xlink:to="ts_statement-statement-note-16-current-tax-assets-and-liabilities-summary-of-current-tax-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-17-trade-receivables-summary-of-current-trade-receivables-details" xlink:label="ts_statement-statement-note-17-trade-receivables-summary-of-current-trade-receivables-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-17-trade-receivables-summary-of-current-trade-receivables-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Trade Receivables - Summary of Current Trade Receivables (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-17-trade-receivables-summary-of-current-trade-receivables-details" xlink:to="ts_statement-statement-note-17-trade-receivables-summary-of-current-trade-receivables-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UnfundedPostemploymentBenefitsMember" xlink:label="ts_UnfundedPostemploymentBenefitsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_UnfundedPostemploymentBenefitsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unfunded post-employment benefits [member]</link:label>
    <link:label xlink:label="ts_UnfundedPostemploymentBenefitsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for unfunded post-employment benefits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UnfundedPostemploymentBenefitsMember" xlink:to="ts_UnfundedPostemploymentBenefitsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-17-trade-receivables-summary-of-the-aging-of-trade-receivables-details" xlink:label="ts_statement-statement-note-17-trade-receivables-summary-of-the-aging-of-trade-receivables-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-17-trade-receivables-summary-of-the-aging-of-trade-receivables-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Trade Receivables - Summary of the Aging of Trade Receivables (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-17-trade-receivables-summary-of-the-aging-of-trade-receivables-details" xlink:to="ts_statement-statement-note-17-trade-receivables-summary-of-the-aging-of-trade-receivables-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FundedPostemploymentBenefitsMember" xlink:label="ts_FundedPostemploymentBenefitsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_FundedPostemploymentBenefitsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Funded post-employment benefits [member]</link:label>
    <link:label xlink:label="ts_FundedPostemploymentBenefitsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for funded post-employment benefits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FundedPostemploymentBenefitsMember" xlink:to="ts_FundedPostemploymentBenefitsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-components-of-cash-and-cash-equivalents-and-other-investments-details" xlink:label="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-components-of-cash-and-cash-equivalents-and-other-investments-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-components-of-cash-and-cash-equivalents-and-other-investments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 18 - Cash and Cash Equivalents and Other Investments - Components of Cash and Cash Equivalents and Other Investments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-components-of-cash-and-cash-equivalents-and-other-investments-details" xlink:to="ts_statement-statement-note-18-cash-and-cash-equivalents-and-other-investments-components-of-cash-and-cash-equivalents-and-other-investments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:label="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:type="locator"/>
    <link:label xlink:label="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue</link:label>
    <link:label xlink:label="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities, fair value as a percentage of carrying value</link:label>
    <link:label xlink:label="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of a financial liabilities carrying amount that represents its fair value.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:to="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of subsidiaries</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-noncurrent-and-current-borrowings-details" xlink:label="ts_statement-statement-note-19-borrowings-noncurrent-and-current-borrowings-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-noncurrent-and-current-borrowings-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings - Non-current and Current Borrowings (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-noncurrent-and-current-borrowings-details" xlink:to="ts_statement-statement-note-19-borrowings-noncurrent-and-current-borrowings-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OverfundedPlan" xlink:label="ts_OverfundedPlan" xlink:type="locator"/>
    <link:label xlink:label="ts_OverfundedPlan-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OverfundedPlan</link:label>
    <link:label xlink:label="ts_OverfundedPlan-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Overfunded Plan</link:label>
    <link:label xlink:label="ts_OverfundedPlan-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Defined benefit plan in which retirement benefits are payable directly from plan assets segregated and restricted to provide such benefits and for which plan assets exceed benefit obligation of plan designed to provide retirement benefits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OverfundedPlan" xlink:to="ts_OverfundedPlan-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-maturity-of-borrowings-details" xlink:label="ts_statement-statement-note-19-borrowings-maturity-of-borrowings-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-maturity-of-borrowings-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings - Maturity of Borrowings (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-maturity-of-borrowings-details" xlink:to="ts_statement-statement-note-19-borrowings-maturity-of-borrowings-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeRiskCurrencyExposure" xlink:label="ts_ForeignExchangeRiskCurrencyExposure" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeRiskCurrencyExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency exposure / functional currency</link:label>
    <link:label xlink:label="ts_ForeignExchangeRiskCurrencyExposure-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange risk, currency exposure</link:label>
    <link:label xlink:label="ts_ForeignExchangeRiskCurrencyExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of currency exposure which impact profit and loss expressed as long/(short).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeRiskCurrencyExposure" xlink:to="ts_ForeignExchangeRiskCurrencyExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-significant-borrowings-as-of-closing-date-details" xlink:label="ts_statement-statement-note-19-borrowings-significant-borrowings-as-of-closing-date-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-significant-borrowings-as-of-closing-date-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings - Significant Borrowings as of Closing Date (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-significant-borrowings-as-of-closing-date-details" xlink:to="ts_statement-statement-note-19-borrowings-significant-borrowings-as-of-closing-date-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue" xlink:label="ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue" xlink:type="locator"/>
    <link:label xlink:label="ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue</link:label>
    <link:label xlink:label="ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, fair value as a percentage of carrying value</link:label>
    <link:label xlink:label="ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of a financial assets carrying amount that represents its fair value.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue" xlink:to="ts_FinancialAssetsFairValueAsAPercentageOfCarryingValue-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-weighted-average-interest-rates-of-borrowings-details" xlink:label="ts_statement-statement-note-19-borrowings-weighted-average-interest-rates-of-borrowings-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-weighted-average-interest-rates-of-borrowings-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings - Weighted Average Interest Rates of Borrowings (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-weighted-average-interest-rates-of-borrowings-details" xlink:to="ts_statement-statement-note-19-borrowings-weighted-average-interest-rates-of-borrowings-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Used in) provided by operating activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherNoncurrentMiscellaneousLiabilities" xlink:label="ts_OtherNoncurrentMiscellaneousLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherNoncurrentMiscellaneousLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous</link:label>
    <link:label xlink:label="ts_OtherNoncurrentMiscellaneousLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other non-current miscellaneous liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherNoncurrentMiscellaneousLiabilities" xlink:to="ts_OtherNoncurrentMiscellaneousLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-borrowings-by-currency-and-rate-details" xlink:label="ts_statement-statement-note-19-borrowings-borrowings-by-currency-and-rate-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-borrowings-by-currency-and-rate-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings - Borrowings by Currency and Rate (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-borrowings-by-currency-and-rate-details" xlink:to="ts_statement-statement-note-19-borrowings-borrowings-by-currency-and-rate-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-19-borrowings-borrowings-evolution-details" xlink:label="ts_statement-statement-note-19-borrowings-borrowings-evolution-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-19-borrowings-borrowings-evolution-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 19 - Borrowings - Borrowings Evolution (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-19-borrowings-borrowings-evolution-details" xlink:to="ts_statement-statement-note-19-borrowings-borrowings-evolution-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-20-deferred-income-tax-deferred-tax-assets-and-liabilities-details" xlink:label="ts_statement-statement-note-20-deferred-income-tax-deferred-tax-assets-and-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-20-deferred-income-tax-deferred-tax-assets-and-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Deferred Income Tax - Deferred Tax Assets and Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-20-deferred-income-tax-deferred-tax-assets-and-liabilities-details" xlink:to="ts_statement-statement-note-20-deferred-income-tax-deferred-tax-assets-and-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentPostemploymentBenefits" xlink:label="ts_NoncurrentPostemploymentBenefits" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentPostemploymentBenefits-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
    <link:label xlink:label="ts_NoncurrentPostemploymentBenefits-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current post-employment benefits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentPostemploymentBenefits" xlink:to="ts_NoncurrentPostemploymentBenefits-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsFromUsedInOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in) provided by operating activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-20-deferred-income-tax-recovery-analysis-of-deferred-tax-assets-and-liabilities-details" xlink:label="ts_statement-statement-note-20-deferred-income-tax-recovery-analysis-of-deferred-tax-assets-and-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-20-deferred-income-tax-recovery-analysis-of-deferred-tax-assets-and-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Deferred Income Tax - Recovery Analysis of Deferred Tax Assets and Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-20-deferred-income-tax-recovery-analysis-of-deferred-tax-assets-and-liabilities-details" xlink:to="ts_statement-statement-note-20-deferred-income-tax-recovery-analysis-of-deferred-tax-assets-and-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherNoncurrentBenefits" xlink:label="ts_OtherNoncurrentBenefits" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherNoncurrentBenefits-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other-long term benefits</link:label>
    <link:label xlink:label="ts_OtherNoncurrentBenefits-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other non-current benefits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherNoncurrentBenefits" xlink:to="ts_OtherNoncurrentBenefits-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DividendsPayableAmountPerADS" xlink:label="ts_DividendsPayableAmountPerADS" xlink:type="locator"/>
    <link:label xlink:label="ts_DividendsPayableAmountPerADS-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DividendsPayableAmountPerADS</link:label>
    <link:label xlink:label="ts_DividendsPayableAmountPerADS-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable, amount per ads</link:label>
    <link:label xlink:label="ts_DividendsPayableAmountPerADS-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The per American Depositary Security "ADS" amount of a dividend declared or approved, but not yet paid. One ADS equals two shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DividendsPayableAmountPerADS" xlink:to="ts_DividendsPayableAmountPerADS-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-20-deferred-income-tax-net-deferred-tax-liabilities-assets-details" xlink:label="ts_statement-statement-note-20-deferred-income-tax-net-deferred-tax-liabilities-assets-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-20-deferred-income-tax-net-deferred-tax-liabilities-assets-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Deferred Income Tax - Net Deferred Tax Liabilities (Assets) (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-20-deferred-income-tax-net-deferred-tax-liabilities-assets-details" xlink:to="ts_statement-statement-note-20-deferred-income-tax-net-deferred-tax-liabilities-assets-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DividendsPaidPerADS" xlink:label="ts_DividendsPaidPerADS" xlink:type="locator"/>
    <link:label xlink:label="ts_DividendsPaidPerADS-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DividendsPaidPerADS</link:label>
    <link:label xlink:label="ts_DividendsPaidPerADS-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends paid, per ads</link:label>
    <link:label xlink:label="ts_DividendsPaidPerADS-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of dividends paid per American Depositary Security "ADS". One ADS equals two shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DividendsPaidPerADS" xlink:to="ts_DividendsPaidPerADS-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-21-other-liabilities-other-noncurrent-liabilities-details" xlink:label="ts_statement-statement-note-21-other-liabilities-other-noncurrent-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-21-other-liabilities-other-noncurrent-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Other Liabilities - Other Noncurrent Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-21-other-liabilities-other-noncurrent-liabilities-details" xlink:to="ts_statement-statement-note-21-other-liabilities-other-noncurrent-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-21-other-liabilities-postemployment-benefits-details" xlink:label="ts_statement-statement-note-21-other-liabilities-postemployment-benefits-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-21-other-liabilities-postemployment-benefits-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Other Liabilities - Post-employment benefits (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-21-other-liabilities-postemployment-benefits-details" xlink:to="ts_statement-statement-note-21-other-liabilities-postemployment-benefits-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-21-other-liabilities-actuarial-assumptions-details" xlink:label="ts_statement-statement-note-21-other-liabilities-actuarial-assumptions-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-21-other-liabilities-actuarial-assumptions-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Other Liabilities - Actuarial Assumptions (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-21-other-liabilities-actuarial-assumptions-details" xlink:to="ts_statement-statement-note-21-other-liabilities-actuarial-assumptions-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:label="ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other receivables</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of prepaid expenses and other receivables attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:to="ts_ReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-21-other-liabilities-plan-assets-details" xlink:label="ts_statement-statement-note-21-other-liabilities-plan-assets-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-21-other-liabilities-plan-assets-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Other Liabilities - Plan Assets (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-21-other-liabilities-plan-assets-details" xlink:to="ts_statement-statement-note-21-other-liabilities-plan-assets-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsGovernmentEntities" xlink:label="ts_ReceivablesAndPrepaymentsGovernmentEntities" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGovernmentEntities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsGovernmentEntities</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGovernmentEntities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government entities</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGovernmentEntities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of government entities attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsGovernmentEntities" xlink:to="ts_ReceivablesAndPrepaymentsGovernmentEntities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-21-other-liabilities-other-current-liabilities-details" xlink:label="ts_statement-statement-note-21-other-liabilities-other-current-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-21-other-liabilities-other-current-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Other Liabilities - Other Current Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-21-other-liabilities-other-current-liabilities-details" xlink:to="ts_statement-statement-note-21-other-liabilities-other-current-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfReceivablesAndPrepaymentsTextBlock" xlink:label="ts_DisclosureOfReceivablesAndPrepaymentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfReceivablesAndPrepaymentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of receivables and prepayments [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfReceivablesAndPrepaymentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfReceivablesAndPrepaymentsTextBlock" xlink:to="ts_DisclosureOfReceivablesAndPrepaymentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInWorkingCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInWorkingCapital</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInWorkingCapital-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Changes in working capital</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInWorkingCapital-label" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="ifrs-full_IncreaseDecreaseInWorkingCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-22-noncurrent-allowances-and-provisions-deducted-from-noncurrent-receivables-details" xlink:label="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-deducted-from-noncurrent-receivables-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-deducted-from-noncurrent-receivables-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 22 - Non-current Allowances and Provisions - Deducted From Non-current Receivables (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-deducted-from-noncurrent-receivables-details" xlink:to="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-deducted-from-noncurrent-receivables-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about receivables and prepayments [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-22-noncurrent-allowances-and-provisions-liabilities-details" xlink:label="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 22 - Non-current Allowances and Provisions - Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-liabilities-details" xlink:to="ts_statement-statement-note-22-noncurrent-allowances-and-provisions-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports" xlink:label="ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government tax refunds on exports</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of government tax refunds on exports that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports" xlink:to="ts_ReceivablesAndPrepaymentsGovernmentTaxRefundsOnExports-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-23-current-allowances-and-provisions-deducted-from-assets-details" xlink:label="ts_statement-statement-note-23-current-allowances-and-provisions-deducted-from-assets-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-23-current-allowances-and-provisions-deducted-from-assets-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 23 - Current Allowances and Provisions - Deducted From Assets (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-23-current-allowances-and-provisions-deducted-from-assets-details" xlink:to="ts_statement-statement-note-23-current-allowances-and-provisions-deducted-from-assets-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:label="ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables from related parties</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of receivables from related parties that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:to="ts_ReceivablesAndPrepaymentsReceivablesFromRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-23-current-allowances-and-provisions-liabilities-details" xlink:label="ts_statement-statement-note-23-current-allowances-and-provisions-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-23-current-allowances-and-provisions-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 23 - Current Allowances and Provisions - Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-23-current-allowances-and-provisions-liabilities-details" xlink:to="ts_statement-statement-note-23-current-allowances-and-provisions-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:label="ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee advances and loans</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of employee advances and loans that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:to="ts_ReceivablesAndPrepaymentsEmployeeAdvancesAndLoans-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-24-derivative-financial-instruments-net-fair-values-details" xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-net-fair-values-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-net-fair-values-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 24 - Derivative Financial Instruments - Net Fair Values (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-24-derivative-financial-instruments-net-fair-values-details" xlink:to="ts_statement-statement-note-24-derivative-financial-instruments-net-fair-values-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:label="ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances to suppliers and other advances</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of advances to suppliers and other advances that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:to="ts_ReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-24-derivative-financial-instruments-foreign-exchange-derivative-contracts-and-hedge-accounting-details" xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-foreign-exchange-derivative-contracts-and-hedge-accounting-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-foreign-exchange-derivative-contracts-and-hedge-accounting-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 24 - Derivative Financial Instruments - Foreign Exchange Derivative Contracts and Hedge Accounting (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-24-derivative-financial-instruments-foreign-exchange-derivative-contracts-and-hedge-accounting-details" xlink:to="ts_statement-statement-note-24-derivative-financial-instruments-foreign-exchange-derivative-contracts-and-hedge-accounting-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-24-derivative-financial-instruments-hedge-reserve-evolution-details" xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-hedge-reserve-evolution-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-24-derivative-financial-instruments-hedge-reserve-evolution-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 24 - Derivative Financial Instruments - Hedge Reserve Evolution (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-24-derivative-financial-instruments-hedge-reserve-evolution-details" xlink:to="ts_statement-statement-note-24-derivative-financial-instruments-hedge-reserve-evolution-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsGross" xlink:label="ts_ReceivablesAndPrepaymentsGross" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsGross</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGross-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsGross-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gross amount of receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsGross" xlink:to="ts_ReceivablesAndPrepaymentsGross-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-equity-as-defined-under-luxembourg-law-and-regulations-details" xlink:label="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-equity-as-defined-under-luxembourg-law-and-regulations-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-equity-as-defined-under-luxembourg-law-and-regulations-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 25 - Contingencies, Commitments and Restrictions on the Distribution of Profits - Equity As Defined Under Luxembourg Law and Regulations (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-equity-as-defined-under-luxembourg-law-and-regulations-details" xlink:to="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-equity-as-defined-under-luxembourg-law-and-regulations-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AllowanceForOtherDoubtfulAccounts" xlink:label="ts_AllowanceForOtherDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_AllowanceForOtherDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_AllowanceForOtherDoubtfulAccounts</link:label>
    <link:label xlink:label="ts_AllowanceForOtherDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for other doubtful accounts (see Note 23 (i))</link:label>
    <link:label xlink:label="ts_AllowanceForOtherDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a valuation allowance for other doubtful accounts that are expected to be uncollectible.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AllowanceForOtherDoubtfulAccounts" xlink:to="ts_AllowanceForOtherDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-distributable-amount-under-luxembourg-law-details" xlink:label="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-distributable-amount-under-luxembourg-law-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-distributable-amount-under-luxembourg-law-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 25 - Contingencies, Commitments and Restrictions on the Distribution of Profits - Distributable Amount Under Luxembourg Law (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-distributable-amount-under-luxembourg-law-details" xlink:to="ts_statement-statement-note-25-contingencies-commitments-and-restrictions-on-the-distribution-of-profits-distributable-amount-under-luxembourg-law-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments" xlink:label="ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of derivative financial instruments that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments" xlink:to="ts_ReceivablesAndPrepaymentsDerivativeFinancialInstruments-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ReceivablesAndPrepaymentsMiscellaneous" xlink:label="ts_ReceivablesAndPrepaymentsMiscellaneous" xlink:type="locator"/>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsMiscellaneous-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ReceivablesAndPrepaymentsMiscellaneous</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsMiscellaneous-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Miscellaneous</link:label>
    <link:label xlink:label="ts_ReceivablesAndPrepaymentsMiscellaneous-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of miscellaneous items that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ReceivablesAndPrepaymentsMiscellaneous" xlink:to="ts_ReceivablesAndPrepaymentsMiscellaneous-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-27-cash-flow-disclosures-cash-flow-disclosures-details" xlink:label="ts_statement-statement-note-27-cash-flow-disclosures-cash-flow-disclosures-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-27-cash-flow-disclosures-cash-flow-disclosures-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 27 - Cash Flow Disclosures - Cash Flow Disclosures (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-27-cash-flow-disclosures-cash-flow-disclosures-details" xlink:to="ts_statement-statement-note-27-cash-flow-disclosures-cash-flow-disclosures-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-of-discontinued-operations-net-income-details" xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-of-discontinued-operations-net-income-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-of-discontinued-operations-net-income-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 28 - Net Assets of Disposal Group Classified As Held for Sale - Components of Discontinued Operation's Net Income (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-of-discontinued-operations-net-income-details" xlink:to="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-of-discontinued-operations-net-income-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestPaidClassifiedAsOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestPaidClassifiedAsOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-gain-on-sale-after-income-tax-for-disposals-details" xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-gain-on-sale-after-income-tax-for-disposals-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-gain-on-sale-after-income-tax-for-disposals-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 28 - Net Assets of Disposal Group Classified As Held for Sale - Components Gain on Sale After Income Tax for Disposals (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-gain-on-sale-after-income-tax-for-disposals-details" xlink:to="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-components-gain-on-sale-after-income-tax-for-disposals-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-discontinued-operations-details" xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-discontinued-operations-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-discontinued-operations-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 28 - Net Assets of Disposal Group Classified As Held for Sale - Discontinued Operations (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-discontinued-operations-details" xlink:to="ts_statement-statement-note-28-net-assets-of-disposal-group-classified-as-held-for-sale-discontinued-operations-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Taxes paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest received</link:label>
    <link:label xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestReceivedClassifiedAsOperatingActivities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestReceivedClassifiedAsOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-29-related-party-transactions-transactions-carried-out-with-related-parties-details" xlink:label="ts_statement-statement-note-29-related-party-transactions-transactions-carried-out-with-related-parties-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-29-related-party-transactions-transactions-carried-out-with-related-parties-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 29 - Related Party Transactions - Transactions Carried Out With Related Parties (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-29-related-party-transactions-transactions-carried-out-with-related-parties-details" xlink:to="ts_statement-statement-note-29-related-party-transactions-transactions-carried-out-with-related-parties-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income (loss) for the year</link:label>
    <link:label xlink:label="ifrs-full_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (loss) for the year</link:label>
    <link:label xlink:label="ifrs-full_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income (loss) for the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-30-principal-subsidiaries-percentage-of-ownership-of-each-controlled-company-details" xlink:label="ts_statement-statement-note-30-principal-subsidiaries-percentage-of-ownership-of-each-controlled-company-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-30-principal-subsidiaries-percentage-of-ownership-of-each-controlled-company-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 30 - Principal Subsidiaries - Percentage of Ownership of Each Controlled Company (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-30-principal-subsidiaries-percentage-of-ownership-of-each-controlled-company-details" xlink:to="ts_statement-statement-note-30-principal-subsidiaries-percentage-of-ownership-of-each-controlled-company-details-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-fees-accrued-for-professional-services-details" xlink:label="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-fees-accrued-for-professional-services-details" xlink:type="locator"/>
    <link:label xlink:label="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-fees-accrued-for-professional-services-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 32 - Fees Paid to the Company's Principal Accountant - Fees Accrued for Professional Services (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-fees-accrued-for-professional-services-details" xlink:to="ts_statement-statement-note-32-fees-paid-to-the-companys-principal-accountant-fees-accrued-for-professional-services-details-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NotesToFinancialStatements" xlink:label="ts_NotesToFinancialStatements" xlink:type="locator"/>
    <link:label xlink:label="ts_NotesToFinancialStatements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes To Financial Statements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NotesToFinancialStatements" xlink:to="ts_NotesToFinancialStatements-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NotesToFinancialStatementsAbstract" xlink:label="ts_NotesToFinancialStatementsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_NotesToFinancialStatementsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes To Financial Statements [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NotesToFinancialStatementsAbstract" xlink:to="ts_NotesToFinancialStatementsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentPrepaidTaxes" xlink:label="ts_CurrentPrepaidTaxes" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentPrepaidTaxes-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid taxes</link:label>
    <link:label xlink:label="ts_CurrentPrepaidTaxes-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of current prepaid taxes.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentPrepaidTaxes" xlink:to="ts_CurrentPrepaidTaxes-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about current tax assets [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about current tax assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about tax liabilities [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about current tax liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentIncomeTaxLiabilities" xlink:label="ts_CurrentIncomeTaxLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentIncomeTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax liabilities</link:label>
    <link:label xlink:label="ts_CurrentIncomeTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current income tax liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentIncomeTaxLiabilities" xlink:to="ts_CurrentIncomeTaxLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentOtherTaxLiabilities" xlink:label="ts_CurrentOtherTaxLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentOtherTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other taxes</link:label>
    <link:label xlink:label="ts_CurrentOtherTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of current other tax liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentOtherTaxLiabilities" xlink:to="ts_CurrentOtherTaxLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesCurrentAccounts" xlink:label="ts_CurrentTradeReceivablesCurrentAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesCurrentAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current accounts</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesCurrentAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of current accounts attributable to current trade receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesCurrentAccounts" xlink:to="ts_CurrentTradeReceivablesCurrentAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReportableSegmentsMember" xlink:label="ifrs-full_ReportableSegmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ReportableSegmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reportable segments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReportableSegmentsMember" xlink:to="ifrs-full_ReportableSegmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentsMember" xlink:label="ifrs-full_SegmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsMember" xlink:to="ifrs-full_SegmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:label="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Allowance for doubtful accounts (see Note 23 (i))</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a valuation allowance for trade receivables due to an Entity within one year (or one operating cycle if longer) that are expected to be uncollectible.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:to="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_ARS" xlink:label="currency_ARS" xlink:type="locator"/>
    <link:label xlink:label="currency_ARS-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Argentina, Pesos</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_ARS" xlink:to="currency_ARS-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesGross" xlink:label="ts_CurrentTradeReceivablesGross" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CurrentTradeReceivablesGross</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesGross-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesGross-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gross amount of current trade receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesGross" xlink:to="ts_CurrentTradeReceivablesGross-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutFinancialInstrumentsAtFairValueByCategoryAndLevelsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutFinancialInstrumentsAtFairValueByCategoryAndLevelsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutFinancialInstrumentsAtFairValueByCategoryAndLevelsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments at fair value by category and levels [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutFinancialInstrumentsAtFairValueByCategoryAndLevelsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about financial instruments at fair value by category and levels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutFinancialInstrumentsAtFairValueByCategoryAndLevelsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutFinancialInstrumentsAtFairValueByCategoryAndLevelsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about current trade receivables [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about current trade receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesGuaranteed" xlink:label="ts_CurrentTradeReceivablesGuaranteed" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Guaranteed</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount current trade receivables that are guaranteed.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesGuaranteed" xlink:to="ts_CurrentTradeReceivablesGuaranteed-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:label="ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Curtailments and settlements</link:label>
    <link:label xlink:label="ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the net defined benefit liability (asset) resulting from curtailments and settlements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="ts_IncreaseDecreaseFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NonUsSovereignBillsMember" xlink:label="ts_NonUsSovereignBillsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_NonUsSovereignBillsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non - U.S. Sovereign Bills [member]</link:label>
    <link:label xlink:label="ts_NonUsSovereignBillsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Non - U.S. Sovereign Bill.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NonUsSovereignBillsMember" xlink:to="ts_NonUsSovereignBillsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesNotDueMember" xlink:label="ts_CurrentTradeReceivablesNotDueMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesNotDueMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade receivables, not due [member]</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesNotDueMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to current trade receivables that currently not due.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesNotDueMember" xlink:to="ts_CurrentTradeReceivablesNotDueMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesNotGuaranteed" xlink:label="ts_CurrentTradeReceivablesNotGuaranteed" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesNotGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not guaranteed</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesNotGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of current trade receivables that are not guaranteed.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesNotGuaranteed" xlink:to="ts_CurrentTradeReceivablesNotGuaranteed-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock" xlink:label="ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure if detailed information about the aging of trade receivables [text block]</link:label>
    <link:label xlink:label="ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about current trade receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock" xlink:to="ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GeographicalAreasMember" xlink:label="ifrs-full_GeographicalAreasMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GeographicalAreasMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasMember" xlink:to="ifrs-full_GeographicalAreasMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherNotesMember" xlink:label="ts_OtherNotesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherNotesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other notes [member]</link:label>
    <link:label xlink:label="ts_OtherNotesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as other notes.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherNotesMember" xlink:to="ts_OtherNotesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="ifrs-full_GeographicalAreasAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GeographicalAreasAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UsGovernmentSecuritiesMember" xlink:label="ts_UsGovernmentSecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_UsGovernmentSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">U.S. government securities [member]</link:label>
    <link:label xlink:label="ts_UsGovernmentSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as U.S. government securities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UsGovernmentSecuritiesMember" xlink:to="ts_UsGovernmentSecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CertificatesOfDepositsMember" xlink:label="ts_CertificatesOfDepositsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CertificatesOfDepositsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Certificates of Deposits [member]</link:label>
    <link:label xlink:label="ts_CertificatesOfDepositsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Certificates of Deposits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CertificatesOfDepositsMember" xlink:to="ts_CertificatesOfDepositsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CommercialPapersMember" xlink:label="ts_CommercialPapersMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CommercialPapersMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Papers [member]</link:label>
    <link:label xlink:label="ts_CommercialPapersMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Commercial Papers.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CommercialPapersMember" xlink:to="ts_CommercialPapersMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CorporatesSecuritiesMember" xlink:label="ts_CorporatesSecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CorporatesSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporates securities [member]</link:label>
    <link:label xlink:label="ts_CorporatesSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Corporates securities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CorporatesSecuritiesMember" xlink:to="ts_CorporatesSecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialAssets</link:label>
    <link:label xlink:label="ifrs-full_FinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_MortgageAndAssetbackedSecuritiesMember" xlink:label="ts_MortgageAndAssetbackedSecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_MortgageAndAssetbackedSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage- and Asset-backed securities [member]</link:label>
    <link:label xlink:label="ts_MortgageAndAssetbackedSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Mortgage- and Asset-backed securities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_MortgageAndAssetbackedSecuritiesMember" xlink:to="ts_MortgageAndAssetbackedSecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NonUsGovernmentSecuritiesMember" xlink:label="ts_NonUsGovernmentSecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_NonUsGovernmentSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non - U.S. government securities [member]</link:label>
    <link:label xlink:label="ts_NonUsGovernmentSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Non - U.S. government securities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NonUsGovernmentSecuritiesMember" xlink:to="ts_NonUsGovernmentSecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:label="ts_CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesPastDueLessThan180DaysMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade receivables, past due, less than 180 days [member]</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesPastDueLessThan180DaysMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information about current trade receivables that are less than 180 days past due.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:to="ts_CurrentTradeReceivablesPastDueLessThan180DaysMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDividendsExplanatory" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDividendsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of dividends [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDividendsExplanatory" xlink:to="ifrs-full_DisclosureOfDividendsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherReceivablesNonfinancialMember" xlink:label="ts_OtherReceivablesNonfinancialMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherReceivablesNonfinancialMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other receivables (non-Financial) [member]</link:label>
    <link:label xlink:label="ts_OtherReceivablesNonfinancialMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Assets classified as other receivables (non-financial).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherReceivablesNonfinancialMember" xlink:to="ts_OtherReceivablesNonfinancialMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherLiabilitiesNonfinancialMember" xlink:label="ts_OtherLiabilitiesNonfinancialMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherLiabilitiesNonfinancialMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities (non-Financial) [member]</link:label>
    <link:label xlink:label="ts_OtherLiabilitiesNonfinancialMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities classified as other liabilities (non-financial).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherLiabilitiesNonfinancialMember" xlink:to="ts_OtherLiabilitiesNonfinancialMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:label="ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade receivables, past due, greater than 180 days [member]</link:label>
    <link:label xlink:label="ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to current trade receivables that are greater than 180 days past due.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:to="ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory" xlink:label="ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of discontinued operations [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory" xlink:to="ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherReceivablesMember" xlink:label="ts_OtherReceivablesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other receivables [member]</link:label>
    <link:label xlink:label="ts_OtherReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Assets classified as other receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherReceivablesMember" xlink:to="ts_OtherReceivablesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_StructuredNotesMember" xlink:label="ts_StructuredNotesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_StructuredNotesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Structured Notes [member]</link:label>
    <link:label xlink:label="ts_StructuredNotesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities classified as Structured Notes.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_StructuredNotesMember" xlink:to="ts_StructuredNotesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherLiabilities1Member" xlink:label="ts_OtherLiabilities1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherLiabilities1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities [member]</link:label>
    <link:label xlink:label="ts_OtherLiabilities1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities classified as other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherLiabilities1Member" xlink:to="ts_OtherLiabilities1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LoansAndReceivables" xlink:label="ifrs-full_LoansAndReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LoansAndReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_LoansAndReceivables</link:label>
    <link:label xlink:label="ifrs-full_LoansAndReceivables-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and receivables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndReceivables" xlink:to="ifrs-full_LoansAndReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TerniumSAMember" xlink:label="ts_TerniumSAMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TerniumSAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ternium s.a. [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TerniumSAMember" xlink:to="ts_TerniumSAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ClosingPricePerADS" xlink:label="ts_ClosingPricePerADS" xlink:type="locator"/>
    <link:label xlink:label="ts_ClosingPricePerADS-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ClosingPricePerADS</link:label>
    <link:label xlink:label="ts_ClosingPricePerADS-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Closing price, per ads</link:label>
    <link:label xlink:label="ts_ClosingPricePerADS-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the closing price per American Depositary Security "ADS" as quoted on the New York Stock Exchange.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ClosingPricePerADS" xlink:to="ts_ClosingPricePerADS-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfActuarialAssumptionsTextBlock" xlink:label="ts_DisclosureOfActuarialAssumptionsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfActuarialAssumptionsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of actuarial assumptions [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfActuarialAssumptionsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of actuarial assumptions pf defined benefit plan.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfActuarialAssumptionsTextBlock" xlink:to="ts_DisclosureOfActuarialAssumptionsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_USD" xlink:label="currency_USD" xlink:type="locator"/>
    <link:label xlink:label="currency_USD-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States of America, Dollars</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_USD" xlink:to="currency_USD-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageShares" xlink:label="ifrs-full_WeightedAverageShares" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares (thousands) (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageShares" xlink:to="ifrs-full_WeightedAverageShares-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DividendsPayableIncludingInterimDividends" xlink:label="ts_DividendsPayableIncludingInterimDividends" xlink:type="locator"/>
    <link:label xlink:label="ts_DividendsPayableIncludingInterimDividends-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DividendsPayableIncludingInterimDividends</link:label>
    <link:label xlink:label="ts_DividendsPayableIncludingInterimDividends-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable including interim dividends</link:label>
    <link:label xlink:label="ts_DividendsPayableIncludingInterimDividends-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of dividends payable including a portion which was paid previously in an interim dividend.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DividendsPayableIncludingInterimDividends" xlink:to="ts_DividendsPayableIncludingInterimDividends-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DividendsPayableAmountPerAdsIncludingInterimDividend" xlink:label="ts_DividendsPayableAmountPerAdsIncludingInterimDividend" xlink:type="locator"/>
    <link:label xlink:label="ts_DividendsPayableAmountPerAdsIncludingInterimDividend-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DividendsPayableAmountPerAdsIncludingInterimDividend</link:label>
    <link:label xlink:label="ts_DividendsPayableAmountPerAdsIncludingInterimDividend-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable, amount per ads including interim dividend</link:label>
    <link:label xlink:label="ts_DividendsPayableAmountPerAdsIncludingInterimDividend-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The per American Depositary Security "ADS" amount of a dividend payable including an interim dividend paid previously. One ADS equals two shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DividendsPayableAmountPerAdsIncludingInterimDividend" xlink:to="ts_DividendsPayableAmountPerAdsIncludingInterimDividend-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ClosingPricePerShare" xlink:label="ts_ClosingPricePerShare" xlink:type="locator"/>
    <link:label xlink:label="ts_ClosingPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ClosingPricePerShare</link:label>
    <link:label xlink:label="ts_ClosingPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Closing price, per share</link:label>
    <link:label xlink:label="ts_ClosingPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the quoted closing price per share of stock.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ClosingPricePerShare" xlink:to="ts_ClosingPricePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TechgenSAMember" xlink:label="ts_TechgenSAMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TechgenSAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Techgen s.a. [member]</link:label>
    <link:label xlink:label="ts_TechgenSAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to Techgen S.A. "Techgen".</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TechgenSAMember" xlink:to="ts_TechgenSAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HeldtomaturityInvestmentsCategoryMember" xlink:label="ifrs-full_HeldtomaturityInvestmentsCategoryMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_HeldtomaturityInvestmentsCategoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Held-to-maturity investments, category [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HeldtomaturityInvestmentsCategoryMember" xlink:to="ifrs-full_HeldtomaturityInvestmentsCategoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets available-for-sale, category [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:to="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DividendsPayableAmountPerShareIncludingInterimDividend" xlink:label="ts_DividendsPayableAmountPerShareIncludingInterimDividend" xlink:type="locator"/>
    <link:label xlink:label="ts_DividendsPayableAmountPerShareIncludingInterimDividend-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DividendsPayableAmountPerShareIncludingInterimDividend</link:label>
    <link:label xlink:label="ts_DividendsPayableAmountPerShareIncludingInterimDividend-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable, amount per share including interim dividend</link:label>
    <link:label xlink:label="ts_DividendsPayableAmountPerShareIncludingInterimDividend-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The per share amount of a dividend payable including an interim dividend previously paid.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DividendsPayableAmountPerShareIncludingInterimDividend" xlink:to="ts_DividendsPayableAmountPerShareIncludingInterimDividend-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LoansAndReceivablesCategoryMember" xlink:label="ifrs-full_LoansAndReceivablesCategoryMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LoansAndReceivablesCategoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and receivables, category [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndReceivablesCategoryMember" xlink:to="ifrs-full_LoansAndReceivablesCategoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ReserveOfExchangeDifferencesOnTranslation</link:label>
    <link:label xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ProportionOfCorporateGuaranteeCoveringObligations" xlink:label="ts_ProportionOfCorporateGuaranteeCoveringObligations" xlink:type="locator"/>
    <link:label xlink:label="ts_ProportionOfCorporateGuaranteeCoveringObligations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ProportionOfCorporateGuaranteeCoveringObligations</link:label>
    <link:label xlink:label="ts_ProportionOfCorporateGuaranteeCoveringObligations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of corporate guarantee covering obligations</link:label>
    <link:label xlink:label="ts_ProportionOfCorporateGuaranteeCoveringObligations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the proportion of a corporate guarantee that covers obligations made under a syndicated loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ProportionOfCorporateGuaranteeCoveringObligations" xlink:to="ts_ProportionOfCorporateGuaranteeCoveringObligations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilities" xlink:label="ifrs-full_FinancialLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory" xlink:label="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of effect of changes in foreign exchange rates [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory" xlink:to="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsCategoryMember" xlink:label="ifrs-full_FinancialAssetsCategoryMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssetsCategoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, category [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsCategoryMember" xlink:to="ifrs-full_FinancialAssetsCategoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="ifrs-full_CategoriesOfFinancialAssetsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:label="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherAssetsPercentContributedToFairValueOfPlanAssets</link:label>
    <link:label xlink:label="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
    <link:label xlink:label="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percent that other types of assets not separately disclosed constitute of the fair value of defined benefit plan assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:to="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:label="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets</link:label>
    <link:label xlink:label="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity instruments</link:label>
    <link:label xlink:label="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percent that instruments representing equity (rather than debt) constitute of the fair value of defined benefit plan assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:label="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets</link:label>
    <link:label xlink:label="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instruments</link:label>
    <link:label xlink:label="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percent that instruments representing debt (rather than equity) constitute of the fair value of defined benefit plan assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherCurrentMiscellaneousLiabilities" xlink:label="ts_OtherCurrentMiscellaneousLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherCurrentMiscellaneousLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Miscellaneous</link:label>
    <link:label xlink:label="ts_OtherCurrentMiscellaneousLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherCurrentMiscellaneousLiabilities</link:label>
    <link:label xlink:label="ts_OtherCurrentMiscellaneousLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other current miscellaneous liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherCurrentMiscellaneousLiabilities" xlink:to="ts_OtherCurrentMiscellaneousLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrentEmployeeRelatedLiabilities" xlink:label="ts_CurrentEmployeeRelatedLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrentEmployeeRelatedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Payroll and social security payable</link:label>
    <link:label xlink:label="ts_CurrentEmployeeRelatedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CurrentEmployeeRelatedLiabilities</link:label>
    <link:label xlink:label="ts_CurrentEmployeeRelatedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current employee related liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrentEmployeeRelatedLiabilities" xlink:to="ts_CurrentEmployeeRelatedLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutInvestmentsInNonconsolidatedCompaniesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutInvestmentsInNonconsolidatedCompaniesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutInvestmentsInNonconsolidatedCompaniesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about investments in non-consolidated companies [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutInvestmentsInNonconsolidatedCompaniesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about investments in non-consolidated companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutInvestmentsInNonconsolidatedCompaniesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutInvestmentsInNonconsolidatedCompaniesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentFinancialAssetsAvailableforsale" xlink:label="ifrs-full_NoncurrentFinancialAssetsAvailableforsale" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentFinancialAssetsAvailableforsale-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Available for sale assets</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentFinancialAssetsAvailableforsale-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NoncurrentFinancialAssetsAvailableforsale</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentFinancialAssetsAvailableforsale-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current financial assets available-for-sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinancialAssetsAvailableforsale" xlink:to="ifrs-full_NoncurrentFinancialAssetsAvailableforsale-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about selected financial information [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about selected financial information.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:label="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of employee benefits [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:to="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherMember" xlink:label="ts_OtherMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other [member]</link:label>
    <link:label xlink:label="ts_OtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to other non-consolidated companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherMember" xlink:to="ts_OtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="ifrs-full_PercentageOfEntitysRevenue" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PercentageOfEntitysRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PercentageOfEntitysRevenue</link:label>
    <link:label xlink:label="ifrs-full_PercentageOfEntitysRevenue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of entity's revenue</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfEntitysRevenue" xlink:to="ifrs-full_PercentageOfEntitysRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ProvisionOfPartialGuaranteeOrCollateralByEntity" xlink:label="ts_ProvisionOfPartialGuaranteeOrCollateralByEntity" xlink:type="locator"/>
    <link:label xlink:label="ts_ProvisionOfPartialGuaranteeOrCollateralByEntity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ProvisionOfPartialGuaranteeOrCollateralByEntity</link:label>
    <link:label xlink:label="ts_ProvisionOfPartialGuaranteeOrCollateralByEntity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision of partial guarantee or collateral by entity</link:label>
    <link:label xlink:label="ts_ProvisionOfPartialGuaranteeOrCollateralByEntity-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of partial guarantees or collateral provided by the entity under a loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ProvisionOfPartialGuaranteeOrCollateralByEntity" xlink:to="ts_ProvisionOfPartialGuaranteeOrCollateralByEntity-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_MXN" xlink:label="currency_MXN" xlink:type="locator"/>
    <link:label xlink:label="currency_MXN-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mexico, Pesos</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_MXN" xlink:to="currency_MXN-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel of entity or parent [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:to="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:label="ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfGeographicalAreasExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of geographical areas [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:to="ifrs-full_DisclosureOfGeographicalAreasExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherRelatedPartiesMember" xlink:label="ifrs-full_OtherRelatedPartiesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherRelatedPartiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other related parties [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherRelatedPartiesMember" xlink:to="ifrs-full_OtherRelatedPartiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label xlink:label="ifrs-full_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTax-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income before income tax</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income before income tax</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTax-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income before income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Impairment charge</link:label>
    <link:label xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ImpairmentLossRecognisedInProfitOrLoss</link:label>
    <link:label xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment loss recognised in profit or loss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for related parties [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="ifrs-full_EntitysTotalForRelatedPartiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AmountOfLoanPartiallyGuaranteed" xlink:label="ts_AmountOfLoanPartiallyGuaranteed" xlink:type="locator"/>
    <link:label xlink:label="ts_AmountOfLoanPartiallyGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_AmountOfLoanPartiallyGuaranteed</link:label>
    <link:label xlink:label="ts_AmountOfLoanPartiallyGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of loan partially guaranteed</link:label>
    <link:label xlink:label="ts_AmountOfLoanPartiallyGuaranteed-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of the loan that is partially guaranteed.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AmountOfLoanPartiallyGuaranteed" xlink:to="ts_AmountOfLoanPartiallyGuaranteed-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestRevenueExpense" xlink:label="ifrs-full_InterestRevenueExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestRevenueExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestRevenueExpense</link:label>
    <link:label xlink:label="ifrs-full_InterestRevenueExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_InterestRevenueExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest accruals less payments, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRevenueExpense" xlink:to="ifrs-full_InterestRevenueExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock" xlink:label="ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of deferred tax assets and liabilities [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of deferred tax assets and liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock" xlink:to="ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for segment consolidation items [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Elimination of intersegment amounts [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SubsidiaryLoansMember" xlink:label="ts_SubsidiaryLoansMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SubsidiaryLoansMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary loans [member]</link:label>
    <link:label xlink:label="ts_SubsidiaryLoansMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information related to loans made to subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SubsidiaryLoansMember" xlink:to="ts_SubsidiaryLoansMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentConsolidationItemsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:label="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:type="locator"/>
    <link:label xlink:label="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay</link:label>
    <link:label xlink:label="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transportation capacity agreement, purchasing capacity of natural gas per day</link:label>
    <link:label xlink:label="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of purchasing capacity of MMBtu/Gas per day under a transportation capacity agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:to="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxLiabilitiesFixedAssetsMember" xlink:label="ts_DeferredTaxLiabilitiesFixedAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxLiabilitiesFixedAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities, fixed assets [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxLiabilitiesFixedAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax liability attributable to taxable temporary differences from fixed assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxLiabilitiesFixedAssetsMember" xlink:to="ts_DeferredTaxLiabilitiesFixedAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" xlink:label="ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities, intangible and other assets [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax liability attributable to taxable temporary differences from intangible assets and other assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" xlink:to="ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements" xlink:label="ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements" xlink:type="locator"/>
    <link:label xlink:label="ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements</link:label>
    <link:label xlink:label="ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for exposure to purchase and other service agreements</link:label>
    <link:label xlink:label="ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of exposure related to contracts for the purchase of power generation equipment and other services related to the equipment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements" xlink:to="ts_ProvisionForExposureToPurchaseAndOtherServiceAgreements-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxLiabilitiesInventoryMember" xlink:label="ts_DeferredTaxLiabilitiesInventoryMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxLiabilitiesInventoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities, inventory [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxLiabilitiesInventoryMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax consequences attributable to taxable temporary differences derived from inventory.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxLiabilitiesInventoryMember" xlink:to="ts_DeferredTaxLiabilitiesInventoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ProvisionForExposureToTransportationCapacityAgreements" xlink:label="ts_ProvisionForExposureToTransportationCapacityAgreements" xlink:type="locator"/>
    <link:label xlink:label="ts_ProvisionForExposureToTransportationCapacityAgreements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ProvisionForExposureToTransportationCapacityAgreements</link:label>
    <link:label xlink:label="ts_ProvisionForExposureToTransportationCapacityAgreements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for exposure to transportation capacity agreements</link:label>
    <link:label xlink:label="ts_ProvisionForExposureToTransportationCapacityAgreements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of exposure risk from transportation capacity agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ProvisionForExposureToTransportationCapacityAgreements" xlink:to="ts_ProvisionForExposureToTransportationCapacityAgreements-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about principal non-consolidated companies [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about principal non-consolidated companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTabLiabilitiesMember" xlink:label="ts_DeferredTabLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTabLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tab liabilities [member]</link:label>
    <link:label xlink:label="ts_DeferredTabLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTabLiabilitiesMember" xlink:to="ts_DeferredTabLiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxAssetsMember" xlink:label="ts_DeferredTaxAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxAssetsMember" xlink:to="ts_DeferredTaxAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncreaseDecreaseThroughTransferToAssetsHeldForSaleDeferredTaxLiabilityAsset" xlink:label="ts_IncreaseDecreaseThroughTransferToAssetsHeldForSaleDeferredTaxLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ts_IncreaseDecreaseThroughTransferToAssetsHeldForSaleDeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer to assets held for sale</link:label>
    <link:label xlink:label="ts_IncreaseDecreaseThroughTransferToAssetsHeldForSaleDeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in deferred tax liability (asset) resulting from transfer to assets held for sale.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncreaseDecreaseThroughTransferToAssetsHeldForSaleDeferredTaxLiabilityAsset" xlink:to="ts_IncreaseDecreaseThroughTransferToAssetsHeldForSaleDeferredTaxLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="ifrs-full_NonadjustingEventsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NonadjustingEventsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsMember" xlink:to="ifrs-full_NonadjustingEventsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxAssetsInventoryMember" xlink:label="ts_DeferredTaxAssetsInventoryMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxAssetsInventoryMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets, inventory [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxAssetsInventoryMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax asset attributable to deductible temporary differences from inventory.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxAssetsInventoryMember" xlink:to="ts_DeferredTaxAssetsInventoryMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxAssetsProvisionsAndAllowancesMember" xlink:label="ts_DeferredTaxAssetsProvisionsAndAllowancesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxAssetsProvisionsAndAllowancesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets, provisions and allowances [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxAssetsProvisionsAndAllowancesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax asset attributable to deductible temporary differences from provisions and allowances.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxAssetsProvisionsAndAllowancesMember" xlink:to="ts_DeferredTaxAssetsProvisionsAndAllowancesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxAssetsOtherMember" xlink:label="ts_DeferredTaxAssetsOtherMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxAssetsOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets, other [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxAssetsOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax asset attributable to deductible temporary differences, classified as other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxAssetsOtherMember" xlink:to="ts_DeferredTaxAssetsOtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxAssetsTaxLossMember" xlink:label="ts_DeferredTaxAssetsTaxLossMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxAssetsTaxLossMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets, tax loss [member]</link:label>
    <link:label xlink:label="ts_DeferredTaxAssetsTaxLossMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deferred tax asset attributable to deductible temporary differences from tax loss.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxAssetsTaxLossMember" xlink:to="ts_DeferredTaxAssetsTaxLossMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of events after reporting period [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfRecoveryAnalysisOfDeferredTaxAssetsAndLiabilitiesTextBlock" xlink:label="ts_DisclosureOfRecoveryAnalysisOfDeferredTaxAssetsAndLiabilitiesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfRecoveryAnalysisOfDeferredTaxAssetsAndLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of recovery analysis of deferred tax assets and liabilities [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfRecoveryAnalysisOfDeferredTaxAssetsAndLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of recovery analysis of deferred tax assets and liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfRecoveryAnalysisOfDeferredTaxAssetsAndLiabilitiesTextBlock" xlink:to="ts_DisclosureOfRecoveryAnalysisOfDeferredTaxAssetsAndLiabilitiesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_EUR" xlink:label="currency_EUR" xlink:type="locator"/>
    <link:label xlink:label="currency_EUR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Euro Member Countries, Euro</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_EUR" xlink:to="currency_EUR-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DeferredTaxTextBlock" xlink:label="ts_DeferredTaxTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DeferredTaxTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax [text block]</link:label>
    <link:label xlink:label="ts_DeferredTaxTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of deferred tax.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DeferredTaxTextBlock" xlink:to="ts_DeferredTaxTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about the estimated useful lives of property, plant and equipment [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about the estimated useful lives of property, plant and equipment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EquityInAccordanceWithLuxembourgLawMember" xlink:label="ts_EquityInAccordanceWithLuxembourgLawMember" xlink:type="locator"/>
    <link:label xlink:label="ts_EquityInAccordanceWithLuxembourgLawMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity in accordance with Luxembourg law [member]</link:label>
    <link:label xlink:label="ts_EquityInAccordanceWithLuxembourgLawMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents equity in accordance with Luxembourg law.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EquityInAccordanceWithLuxembourgLawMember" xlink:to="ts_EquityInAccordanceWithLuxembourgLawMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutDistributableRetainedEarningsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutDistributableRetainedEarningsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutDistributableRetainedEarningsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about distributable retained earnings [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutDistributableRetainedEarningsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about distributable retained earnings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutDistributableRetainedEarningsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutDistributableRetainedEarningsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:label="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:type="locator"/>
    <link:label xlink:label="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod</link:label>
    <link:label xlink:label="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net defined contribution plan liability (asset) at end of period</link:label>
    <link:label xlink:label="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of deficit or surplus in a defined contribution plan, adjusted for any effect of limiting a net defined contribution asset to the asset ceiling.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:to="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutEquityIfDifferentFromTheFinancialStatementsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutEquityIfDifferentFromTheFinancialStatementsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutEquityIfDifferentFromTheFinancialStatementsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about equity if different from the financial statements [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutEquityIfDifferentFromTheFinancialStatementsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about equity if different from the financial statements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutEquityIfDifferentFromTheFinancialStatementsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutEquityIfDifferentFromTheFinancialStatementsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CompanhiaSiderrgicaNacionalMember" xlink:label="ts_CompanhiaSiderrgicaNacionalMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CompanhiaSiderrgicaNacionalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Companhia Sider&#250;rgica Nacional [member]</link:label>
    <link:label xlink:label="ts_CompanhiaSiderrgicaNacionalMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Companhia Sider&#250;rgica Nacional.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CompanhiaSiderrgicaNacionalMember" xlink:to="ts_CompanhiaSiderrgicaNacionalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TagalongTenderOfferToNoncontrollingInterests" xlink:label="ts_TagalongTenderOfferToNoncontrollingInterests" xlink:type="locator"/>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TagalongTenderOfferToNoncontrollingInterests</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tag-along tender offer to non-controlling interests</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The required tag-along tender offer to non-controlling interests in an acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TagalongTenderOfferToNoncontrollingInterests" xlink:to="ts_TagalongTenderOfferToNoncontrollingInterests-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income statement credit (charge)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DistributableRetainedEarnings" xlink:label="ts_DistributableRetainedEarnings" xlink:type="locator"/>
    <link:label xlink:label="ts_DistributableRetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DistributableRetainedEarnings</link:label>
    <link:label xlink:label="ts_DistributableRetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distributable retained earnings</link:label>
    <link:label xlink:label="ts_DistributableRetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Distributable amount at December 31, 2017 under Luxembourg law</link:label>
    <link:label xlink:label="ts_DistributableRetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A component of equity representing the entity's cumulative distributable retained earnings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DistributableRetainedEarnings" xlink:to="ts_DistributableRetainedEarnings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:type="locator"/>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TagalongTenderOfferToNoncontrollingInterestsPercentage</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tag-along tender offer to non-controlling interests, percentage</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The required Tag-along tender offer to non-controlling interests in an acquisition expressed as a percentage of the price per share paid in such acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:to="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts" xlink:label="ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts</link:label>
    <link:label xlink:label="ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected decrease in allowance for doubtful accounts</link:label>
    <link:label xlink:label="ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount expected to decrease in allowance for doubtful accounts related the adoption of IFRS 9.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts" xlink:to="ts_ExpectedDecreaseInAllowanceForDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy" xlink:label="ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy" xlink:type="locator"/>
    <link:label xlink:label="ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy</link:label>
    <link:label xlink:label="ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected net increase (decrease) in revenues, cost of sales and selling expenses from adoption of a policy</link:label>
    <link:label xlink:label="ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The expected net increase (decrease) in revenues, cost of sales and selling expenses from adoption of a policy.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy" xlink:to="ts_ExpectedNetIncreaseDecreaseInRevenuesCostOfSalesAndSellingExpensesFromAdoptionOfAPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition and other changes in non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TagalongTenderOfferToNoncontrollingInterestsShares" xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsShares" xlink:type="locator"/>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TagalongTenderOfferToNoncontrollingInterestsShares</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tag-along tender offer to non-controlling interests, shares</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsShares-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The required tag-along tender offer to non-controlling interests in an acquisition expressed in shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TagalongTenderOfferToNoncontrollingInterestsShares" xlink:to="ts_TagalongTenderOfferToNoncontrollingInterestsShares-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:type="locator"/>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tag-along tender offer to non-controlling interests, contingent liability</link:label>
    <link:label xlink:label="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of the tag-along tender offer to non-controlling interests accounted for as a contingent liability.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:to="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_VeracelCeluloseSaMember" xlink:label="ts_VeracelCeluloseSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_VeracelCeluloseSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Veracel Celulose S.A. [member]</link:label>
    <link:label xlink:label="ts_VeracelCeluloseSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Veracel Celulose S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_VeracelCeluloseSaMember" xlink:to="ts_VeracelCeluloseSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PetroamazonasMember" xlink:label="ts_PetroamazonasMember" xlink:type="locator"/>
    <link:label xlink:label="ts_PetroamazonasMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Petroamazonas [member]</link:label>
    <link:label xlink:label="ts_PetroamazonasMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Petroamazonas.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PetroamazonasMember" xlink:to="ts_PetroamazonasMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_RetrospectiveChangesAppliedAfterTheReportingPeriodMember" xlink:label="ts_RetrospectiveChangesAppliedAfterTheReportingPeriodMember" xlink:type="locator"/>
    <link:label xlink:label="ts_RetrospectiveChangesAppliedAfterTheReportingPeriodMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retrospective changes applied after the reporting period [member]</link:label>
    <link:label xlink:label="ts_RetrospectiveChangesAppliedAfterTheReportingPeriodMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding retrospective changes applied after the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_RetrospectiveChangesAppliedAfterTheReportingPeriodMember" xlink:to="ts_RetrospectiveChangesAppliedAfterTheReportingPeriodMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ItalianTaxAuthoritiesMember" xlink:label="ts_ItalianTaxAuthoritiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ItalianTaxAuthoritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Italian tax authorities [member]</link:label>
    <link:label xlink:label="ts_ItalianTaxAuthoritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Italian tax authorities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ItalianTaxAuthoritiesMember" xlink:to="ts_ItalianTaxAuthoritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ItaSegurosSaMember" xlink:label="ts_ItaSegurosSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ItaSegurosSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ita&#250; Seguros S.A. [member]</link:label>
    <link:label xlink:label="ts_ItaSegurosSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Ita&#250; Seguros S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ItaSegurosSaMember" xlink:to="ts_ItaSegurosSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss) for the year</link:label>
    <link:label xlink:label="ifrs-full_ComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss) for the year</link:label>
    <link:label xlink:label="ifrs-full_ComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss) for the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income for the year</link:label>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income (loss) for the year, net of tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsPaid" xlink:label="ifrs-full_DividendsPaid" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsPaid-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsPaid</link:label>
    <link:label xlink:label="ifrs-full_DividendsPaid-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends recognised as distributions to owners</link:label>
    <link:label xlink:label="ifrs-full_DividendsPaid-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid in cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaid" xlink:to="ifrs-full_DividendsPaid-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about weighted average interest rates of borrowings [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about weighted average interest rates of borrowings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock" xlink:label="ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information of the hedge reserve evolution [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information of the hedge reserve evolution.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock" xlink:to="ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about the maturity of borrowings [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about the maturity of borrowings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about significant borrowings [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about significant borrowings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchasesFairValueMeasurementAssets" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchasesFairValueMeasurementAssets" xlink:to="ifrs-full_PurchasesFairValueMeasurementAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:type="locator"/>
    <link:label xlink:label="dei_AmendmentFlag-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ManagementViewDifferencesInCostOfSales" xlink:label="ts_ManagementViewDifferencesInCostOfSales" xlink:type="locator"/>
    <link:label xlink:label="ts_ManagementViewDifferencesInCostOfSales-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Difference in cost of sales</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInCostOfSales-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ManagementViewDifferencesInCostOfSales</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInCostOfSales-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Differences in cost of sales under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ManagementViewDifferencesInCostOfSales" xlink:to="ts_ManagementViewDifferencesInCostOfSales-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ManagementViewDifferencesInAbsorption" xlink:label="ts_ManagementViewDifferencesInAbsorption" xlink:type="locator"/>
    <link:label xlink:label="ts_ManagementViewDifferencesInAbsorption-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Absorption</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInAbsorption-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ManagementViewDifferencesInAbsorption</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInAbsorption-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Differences in absorption under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ManagementViewDifferencesInAbsorption" xlink:to="ts_ManagementViewDifferencesInAbsorption-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses" xlink:label="ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses" xlink:type="locator"/>
    <link:label xlink:label="ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Differences in selling, general and administrative expenses</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Differences in selling, general and administrative expenses under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses" xlink:to="ts_ManagementViewDifferencesInSellingGeneralAndAdiministrativeExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DifferencesInDirectCostsAndOthersUnderManagementView" xlink:label="ts_DifferencesInDirectCostsAndOthersUnderManagementView" xlink:type="locator"/>
    <link:label xlink:label="ts_DifferencesInDirectCostsAndOthersUnderManagementView-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Direct cost and others</link:label>
    <link:label xlink:label="ts_DifferencesInDirectCostsAndOthersUnderManagementView-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_DifferencesInDirectCostsAndOthersUnderManagementView</link:label>
    <link:label xlink:label="ts_DifferencesInDirectCostsAndOthersUnderManagementView-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Differences in direct costs and others under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DifferencesInDirectCostsAndOthersUnderManagementView" xlink:to="ts_DifferencesInDirectCostsAndOthersUnderManagementView-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:label="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets</link:label>
    <link:label xlink:label="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:to="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:label="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:type="locator"/>
    <link:label xlink:label="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Differences in other operating income (expenses), net</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Differences in net other operating income (expenses) under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:to="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_CurrentFiscalYearEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:label="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets</link:label>
    <link:label xlink:label="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:to="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalPeriodFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalYearFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill</link:label>
    <link:label xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease through classified as held for sale, goodwill</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill</link:label>
    <link:label xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfer to assets held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsAndGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentPeriodEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers / Reclassifications</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentType-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisposalsIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_DisposalsIntangibleAssetsAndGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisposalsIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DisposalsIntangibleAssetsAndGoodwill</link:label>
    <link:label xlink:label="ifrs-full_DisposalsIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Disposals</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_DisposalsIntangibleAssetsAndGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="dei_DocumentInformationTable" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationTable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationTable" xlink:to="dei_DocumentInformationTable-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of finance income (cost) [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityFilerCategory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCurrentReportingStatus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityVoluntaryFilers-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityWellKnownSeasonedIssuer-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCentralIndexKey-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityRegistrantName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:type="locator"/>
    <link:label xlink:label="dei_LegalEntityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCommonStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherExpenseByFunction" xlink:label="ifrs-full_OtherExpenseByFunction" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherExpenseByFunction-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_OtherExpenseByFunction-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherExpenseByFunction</link:label>
    <link:label xlink:label="ifrs-full_OtherExpenseByFunction-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other operating expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByFunction" xlink:to="ifrs-full_OtherExpenseByFunction-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherIncome" xlink:label="ifrs-full_OtherIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income</link:label>
    <link:label xlink:label="ifrs-full_OtherIncome-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIncome" xlink:to="ifrs-full_OtherIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncomeTaxExpenseContinuingOperations</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax charge</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xlink:type="locator"/>
    <link:label xlink:label="dei_TradingSymbol-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Benefits paid from the plan</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributions paid to the plan</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Return on plan assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Remeasurements (*)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current service cost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest cost</link:label>
    <link:label xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest accrued</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ContinuingOperationsAbstract" xlink:label="ts_ContinuingOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_ContinuingOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ContinuingOperationsAbstract" xlink:to="ts_ContinuingOperationsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DiscontinuedOperationsAbstract" xlink:label="ts_DiscontinuedOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_DiscontinuedOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discontinued operations:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DiscontinuedOperationsAbstract" xlink:to="ts_DiscontinuedOperationsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ContinuingAndDiscontinuedOperationsAbstract" xlink:label="ts_ContinuingAndDiscontinuedOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_ContinuingAndDiscontinuedOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing and discontinued operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ContinuingAndDiscontinuedOperationsAbstract" xlink:to="ts_ContinuingAndDiscontinuedOperationsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial instruments by type of interest rate [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassifications</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transfer to held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" xlink:label="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" xlink:type="locator"/>
    <link:label xlink:label="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income before equity in earnings of non-consolidated companies and income tax</link:label>
    <link:label xlink:label="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax</link:label>
    <link:label xlink:label="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income (loss) before equity in earnings of non-consolidated companies and income tax</link:label>
    <link:label xlink:label="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The (loss) income before equity in earnings of non-consolidated companies and income tax.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" xlink:to="ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BasicAndDilutedEarningsLossesPerAdsFromContinuingOperations" xlink:label="ts_BasicAndDilutedEarningsLossesPerAdsFromContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_BasicAndDilutedEarningsLossesPerAdsFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic and diluted earnings (losses) per ADS (U.S. dollars per ADS) (*) (in dollars per share)</link:label>
    <link:label xlink:label="ts_BasicAndDilutedEarningsLossesPerAdsFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Basic and diluted earnings (losses) per ADS from continuing operations. Each ADS equals two shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BasicAndDilutedEarningsLossesPerAdsFromContinuingOperations" xlink:to="ts_BasicAndDilutedEarningsLossesPerAdsFromContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BasicAndDilutedEarningsLossesPerAds" xlink:label="ts_BasicAndDilutedEarningsLossesPerAds" xlink:type="locator"/>
    <link:label xlink:label="ts_BasicAndDilutedEarningsLossesPerAds-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_BasicAndDilutedEarningsLossesPerAds</link:label>
    <link:label xlink:label="ts_BasicAndDilutedEarningsLossesPerAds-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic and diluted earnings (losses) per ADS (U.S. dollars per ADS) (*) (in dollars per share)</link:label>
    <link:label xlink:label="ts_BasicAndDilutedEarningsLossesPerAds-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Basic and diluted earnings (losses) per ADS. Each ADS equals two shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BasicAndDilutedEarningsLossesPerAds" xlink:to="ts_BasicAndDilutedEarningsLossesPerAds-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies" xlink:label="ts_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">- Changes in the fair value of derivatives held as cash flow hedges and others</link:label>
    <link:label xlink:label="ts_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other comprehensive income, before tax, attributable to non-consolidated companies related to derivatives held as cash flow hedges and others.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies" xlink:to="ts_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ComprehensiveIncomeFromContinuingOperations" xlink:label="ts_ComprehensiveIncomeFromContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_ComprehensiveIncomeFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ComprehensiveIncomeFromContinuingOperations</link:label>
    <link:label xlink:label="ts_ComprehensiveIncomeFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Continuing operations</link:label>
    <link:label xlink:label="ts_ComprehensiveIncomeFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of change in equity from continuing operations resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ComprehensiveIncomeFromContinuingOperations" xlink:to="ts_ComprehensiveIncomeFromContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ShareOfOtherComprehensiveIncomeOfNonconsolidatedCompaniesAbstract" xlink:label="ts_ShareOfOtherComprehensiveIncomeOfNonconsolidatedCompaniesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_ShareOfOtherComprehensiveIncomeOfNonconsolidatedCompaniesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of other comprehensive income of non-consolidated companies:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ShareOfOtherComprehensiveIncomeOfNonconsolidatedCompaniesAbstract" xlink:to="ts_ShareOfOtherComprehensiveIncomeOfNonconsolidatedCompaniesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" xlink:label="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies</link:label>
    <link:label xlink:label="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Currency translation adjustment</link:label>
    <link:label xlink:label="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:label xlink:label="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other comprehensive income (loss), before tax, attributable to non-consolidated companies related to exchange differences when financial statements of foreign operations are translated</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" xlink:to="ts_OtherComprehensiveIncomeLossBeforeTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ifrs-full_ProvisionUsedOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProvisionUsedOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Used</link:label>
    <link:label xlink:label="ifrs-full_ProvisionUsedOtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Used</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionUsedOtherProvisions" xlink:to="ifrs-full_ProvisionUsedOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:label="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment</link:label>
    <link:label xlink:label="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Disposals / Consumptions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:to="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ComprehensiveIncomeFromDiscontinuedOperations" xlink:label="ts_ComprehensiveIncomeFromDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_ComprehensiveIncomeFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ComprehensiveIncomeFromDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_ComprehensiveIncomeFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discontinued operations</link:label>
    <link:label xlink:label="ts_ComprehensiveIncomeFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of change in equity from discontinued operations resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ComprehensiveIncomeFromDiscontinuedOperations" xlink:to="ts_ComprehensiveIncomeFromDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TotalComprehensiveIncomeLossForTheYearAttributableToOwnersOfTheParentArisesFromAbstract" xlink:label="ts_TotalComprehensiveIncomeLossForTheYearAttributableToOwnersOfTheParentArisesFromAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_TotalComprehensiveIncomeLossForTheYearAttributableToOwnersOfTheParentArisesFromAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss) for the year attributable to Owners of the parent arises from</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TotalComprehensiveIncomeLossForTheYearAttributableToOwnersOfTheParentArisesFromAbstract" xlink:to="ts_TotalComprehensiveIncomeLossForTheYearAttributableToOwnersOfTheParentArisesFromAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment</link:label>
    <link:label xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfer to assets held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Transfers / Reclassifications</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9" xlink:label="ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in financial assets arising from change in measurement attribute, initial application of IFRS 9</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9" xlink:to="ifrs-full_IncreaseDecreaseInFinancialAssetsArisingFromChangeInMeasurementAttributeFirstApplicationOfIFRS9-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation charge</link:label>
    <link:label xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DepreciationPropertyPlantAndEquipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="ifrs-full_DepreciationPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Translation differences</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfTranslationDifferencesOnLongtermBorrowings" xlink:label="ts_EffectOfTranslationDifferencesOnLongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfTranslationDifferencesOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Translation differences, noncurrent</link:label>
    <link:label xlink:label="ts_EffectOfTranslationDifferencesOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from translation differences.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfTranslationDifferencesOnLongtermBorrowings" xlink:to="ts_EffectOfTranslationDifferencesOnLongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Translation differences, current</link:label>
    <link:label xlink:label="ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the current borrowings and current portion of non-current borrowings resulting from translation differences.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:label="ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interests Accrued less payments, noncurrent</link:label>
    <link:label xlink:label="ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from interests accrued net of payments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:to="ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interests Accrued less payments, current</link:label>
    <link:label xlink:label="ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from interests accrued net of payments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:label="ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds and repayments, net, noncurrent</link:label>
    <link:label xlink:label="ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from net proceeds and repayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:to="ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds and repayments, net, current</link:label>
    <link:label xlink:label="ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the total current borrowings and current portion of non-current borrowings resulting from net proceeds and repayments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfOtherMovementsOnLongtermBorrowings" xlink:label="ts_EffectOfOtherMovementsOnLongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfOtherMovementsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Movements, noncurrent</link:label>
    <link:label xlink:label="ts_EffectOfOtherMovementsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from other movements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfOtherMovementsOnLongtermBorrowings" xlink:to="ts_EffectOfOtherMovementsOnLongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfOtherMovementsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ts_EffectOfOtherMovementsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfOtherMovementsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Movements, current</link:label>
    <link:label xlink:label="ts_EffectOfOtherMovementsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the total current borrowings and current portion of non-current borrowings resulting from other movements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfOtherMovementsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ts_EffectOfOtherMovementsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfReclassificationsOnLongtermBorrowings" xlink:label="ts_EffectOfReclassificationsOnLongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfReclassificationsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassifications, noncurrent</link:label>
    <link:label xlink:label="ts_EffectOfReclassificationsOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from reclassifications.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfReclassificationsOnLongtermBorrowings" xlink:to="ts_EffectOfReclassificationsOnLongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassifications, current</link:label>
    <link:label xlink:label="ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the total current borrowings and current portion of non-current borrowings resulting from reclassifications.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfBorrowingsEvolutionTextBlock" xlink:label="ts_DisclosureOfBorrowingsEvolutionTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfBorrowingsEvolutionTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of borrowings evolution [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfBorrowingsEvolutionTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for borrowings changes.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfBorrowingsEvolutionTextBlock" xlink:to="ts_DisclosureOfBorrowingsEvolutionTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfOverdraftsVariationOnLongtermBorrowings" xlink:label="ts_EffectOfOverdraftsVariationOnLongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfOverdraftsVariationOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Overdrafts variation, noncurrent</link:label>
    <link:label xlink:label="ts_EffectOfOverdraftsVariationOnLongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the non-current portion of non-current borrowings resulting from overdrafts variation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfOverdraftsVariationOnLongtermBorrowings" xlink:to="ts_EffectOfOverdraftsVariationOnLongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Overdrafts variation, current</link:label>
    <link:label xlink:label="ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the current borrowings and current portion of non-current borrowings resulting from overdrafts variation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:label="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in tax rates or tax laws enacted or announced [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:to="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TrademarksMember" xlink:label="ts_TrademarksMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TrademarksMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trademarks [member]</link:label>
    <link:label xlink:label="ts_TrademarksMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding trademarks.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TrademarksMember" xlink:to="ts_TrademarksMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer-related intangible assets [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="ifrs-full_CustomerrelatedIntangibleAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_WriteDownsFairValueMeasurementAssets" xlink:label="ts_WriteDownsFairValueMeasurementAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_WriteDownsFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_WriteDownsFairValueMeasurementAssets</link:label>
    <link:label xlink:label="ts_WriteDownsFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Decrease due to write down</link:label>
    <link:label xlink:label="ts_WriteDownsFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The decrease in the fair value measurement of assets resulting from write downs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_WriteDownsFairValueMeasurementAssets" xlink:to="ts_WriteDownsFairValueMeasurementAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:label="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets</link:label>
    <link:label xlink:label="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency translation adjustment and others</link:label>
    <link:label xlink:label="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the fair value measurement of assets resulting from currency translation adjustments and others.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:to="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ifrs-full_ConstructionInProgressMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ConstructionInProgressMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in progress [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConstructionInProgressMember" xlink:to="ifrs-full_ConstructionInProgressMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:label="ts_IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:type="locator"/>
    <link:label xlink:label="ts_IndustrialBuildingsPlantAndProductionEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Industrial buildings, plant and production equipment [member]</link:label>
    <link:label xlink:label="ts_IndustrialBuildingsPlantAndProductionEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the industrial buildings, plant and production equipment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:to="ts_IndustrialBuildingsPlantAndProductionEquipmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LandAndCivilBuildingsMember" xlink:label="ts_LandAndCivilBuildingsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_LandAndCivilBuildingsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land and civil buildings [member]</link:label>
    <link:label xlink:label="ts_LandAndCivilBuildingsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding land and civil buildings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LandAndCivilBuildingsMember" xlink:to="ts_LandAndCivilBuildingsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:label="ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease / increase in equity reserves and others</link:label>
    <link:label xlink:label="ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity's share of the other comprehensive income of associates and joint ventures accounted for using the equity method, including dividends declared, net of tax.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:to="ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PropertyPlantAndEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DerivativesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="ifrs-full_ClassesOfAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsMember" xlink:to="ifrs-full_ClassesOfAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GoodwillMember" xlink:label="ifrs-full_GoodwillMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GoodwillMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillMember" xlink:to="ifrs-full_GoodwillMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfAssetsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:label="ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LegalProceedingsContingentLiabilityMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal proceedings contingent liability [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:to="ifrs-full_LegalProceedingsContingentLiabilityMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CurrencyTranslationAdjustmentMember" xlink:label="ts_CurrencyTranslationAdjustmentMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CurrencyTranslationAdjustmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency translation adjustment [member]</link:label>
    <link:label xlink:label="ts_CurrencyTranslationAdjustmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents currency translation adjustment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CurrencyTranslationAdjustmentMember" xlink:to="ts_CurrencyTranslationAdjustmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LegalReservesMember" xlink:label="ts_LegalReservesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_LegalReservesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal reserves [member]</link:label>
    <link:label xlink:label="ts_LegalReservesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents legal reserves.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LegalReservesMember" xlink:to="ts_LegalReservesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfContingentLiabilitiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContingentLiabilitiesMember" xlink:label="ifrs-full_ContingentLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ContingentLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent liabilities [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContingentLiabilitiesMember" xlink:to="ifrs-full_ContingentLiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WorkInProgress" xlink:label="ifrs-full_WorkInProgress" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WorkInProgress-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goods in process</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WorkInProgress" xlink:to="ifrs-full_WorkInProgress-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialGuaranteeContractsMember" xlink:label="ifrs-full_FinancialGuaranteeContractsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialGuaranteeContractsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial guarantee contracts [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialGuaranteeContractsMember" xlink:to="ifrs-full_FinancialGuaranteeContractsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial instruments, class [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets and goodwill [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:to="ifrs-full_IntangibleAssetsAndGoodwillMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of intangible assets and goodwill [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_MovementInCashAndCashEquivalentsAbstract" xlink:label="ts_MovementInCashAndCashEquivalentsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_MovementInCashAndCashEquivalentsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movement in cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_MovementInCashAndCashEquivalentsAbstract" xlink:to="ts_MovementInCashAndCashEquivalentsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentInventoriesInTransit" xlink:label="ifrs-full_CurrentInventoriesInTransit" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentInventoriesInTransit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goods in transit</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentInventoriesInTransit" xlink:to="ifrs-full_CurrentInventoriesInTransit-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PropertyPlantAndEquipmentCapitalizedInterest" xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterest" xlink:type="locator"/>
    <link:label xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_PropertyPlantAndEquipmentCapitalizedInterest</link:label>
    <link:label xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterest-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, capitalized interest</link:label>
    <link:label xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterest-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of capitalized interest included in property, plant and equipment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PropertyPlantAndEquipmentCapitalizedInterest" xlink:to="ts_PropertyPlantAndEquipmentCapitalizedInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PropertyPlantAndEquipmentCapitalizedInterestRate" xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterestRate" xlink:type="locator"/>
    <link:label xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_PropertyPlantAndEquipmentCapitalizedInterestRate</link:label>
    <link:label xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, capitalized interest rate</link:label>
    <link:label xlink:label="ts_PropertyPlantAndEquipmentCapitalizedInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The average capitalization interest rates applied to property, plant and equipment during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PropertyPlantAndEquipmentCapitalizedInterestRate" xlink:to="ts_PropertyPlantAndEquipmentCapitalizedInterestRate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinishedGoods" xlink:label="ifrs-full_FinishedGoods" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinishedGoods-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finished goods</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinishedGoods" xlink:to="ifrs-full_FinishedGoods-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProductionSupplies" xlink:label="ifrs-full_ProductionSupplies" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProductionSupplies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductionSupplies" xlink:to="ifrs-full_ProductionSupplies-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SparePartsAndEquipmentMember" xlink:label="ts_SparePartsAndEquipmentMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SparePartsAndEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Spare parts and equipment [member]</link:label>
    <link:label xlink:label="ts_SparePartsAndEquipmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for a class of property, plant and equipment representing spare parts and equipment used in the entity's operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SparePartsAndEquipmentMember" xlink:to="ts_SparePartsAndEquipmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RawMaterials" xlink:label="ifrs-full_RawMaterials" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RawMaterials-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Raw materials</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RawMaterials" xlink:to="ifrs-full_RawMaterials-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_VehiclesFurnitureAndFixturesMember" xlink:label="ts_VehiclesFurnitureAndFixturesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_VehiclesFurnitureAndFixturesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vehicles, furniture and fixtures [member]</link:label>
    <link:label xlink:label="ts_VehiclesFurnitureAndFixturesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for a class of property, plant and equipment representing vehicles and furniture and fixtures used in the entity's operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_VehiclesFurnitureAndFixturesMember" xlink:to="ts_VehiclesFurnitureAndFixturesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesMember" xlink:label="ifrs-full_LiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesMember" xlink:to="ifrs-full_LiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfLiabilitiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of liabilities [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfLiabilitiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherProvisions" xlink:label="ifrs-full_OtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Values at the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Values at the end of the year</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherProvisions</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other provisions at end of period</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Values at the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Values at the end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisions" xlink:to="ifrs-full_OtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ManagementViewOperatingIncome" xlink:label="ts_ManagementViewOperatingIncome" xlink:type="locator"/>
    <link:label xlink:label="ts_ManagementViewOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Management view - operating income</link:label>
    <link:label xlink:label="ts_ManagementViewOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ManagementViewOperatingIncome</link:label>
    <link:label xlink:label="ts_ManagementViewOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating income under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ManagementViewOperatingIncome" xlink:to="ts_ManagementViewOperatingIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TubesMember" xlink:label="ts_TubesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TubesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tubes [member]</link:label>
    <link:label xlink:label="ts_TubesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Segment classified as "Tubes".</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TubesMember" xlink:to="ts_TubesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AggregateCashPaymentsForLegalSettlements" xlink:label="ts_AggregateCashPaymentsForLegalSettlements" xlink:type="locator"/>
    <link:label xlink:label="ts_AggregateCashPaymentsForLegalSettlements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_AggregateCashPaymentsForLegalSettlements</link:label>
    <link:label xlink:label="ts_AggregateCashPaymentsForLegalSettlements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate cash payments for legal settlements</link:label>
    <link:label xlink:label="ts_AggregateCashPaymentsForLegalSettlements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The aggregate amount of cash payments for legal settlements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AggregateCashPaymentsForLegalSettlements" xlink:to="ts_AggregateCashPaymentsForLegalSettlements-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ManagementViewDifferencesInDepreciationAndAmortization" xlink:label="ts_ManagementViewDifferencesInDepreciationAndAmortization" xlink:type="locator"/>
    <link:label xlink:label="ts_ManagementViewDifferencesInDepreciationAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Differences in depreciation and amortization</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInDepreciationAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ManagementViewDifferencesInDepreciationAndAmortization</link:label>
    <link:label xlink:label="ts_ManagementViewDifferencesInDepreciationAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Differences in depreciation and amortization under management view.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ManagementViewDifferencesInDepreciationAndAmortization" xlink:to="ts_ManagementViewDifferencesInDepreciationAndAmortization-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CashPaymentsDuringLegalProceedings" xlink:label="ts_CashPaymentsDuringLegalProceedings" xlink:type="locator"/>
    <link:label xlink:label="ts_CashPaymentsDuringLegalProceedings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CashPaymentsDuringLegalProceedings</link:label>
    <link:label xlink:label="ts_CashPaymentsDuringLegalProceedings-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash payments during legal proceedings</link:label>
    <link:label xlink:label="ts_CashPaymentsDuringLegalProceedings-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash payments made during legal proceedings when no settlement was yet made.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CashPaymentsDuringLegalProceedings" xlink:to="ts_CashPaymentsDuringLegalProceedings-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial instruments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinanceIncomeCostDiscontinuedOperations" xlink:label="ts_FinanceIncomeCostDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_FinanceIncomeCostDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From discontinued operations</link:label>
    <link:label xlink:label="ts_FinanceIncomeCostDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income or cost associated with interest and other financing activities of the entity attributable to discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinanceIncomeCostDiscontinuedOperations" xlink:to="ts_FinanceIncomeCostDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:label="ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One percent change, Argentine Peso / U.S. dollar foreign exchange risk [member]</link:label>
    <link:label xlink:label="ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a one percent change in Argentine Peso / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:to="ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EstimatedPercentageOfLostProfits" xlink:label="ts_EstimatedPercentageOfLostProfits" xlink:type="locator"/>
    <link:label xlink:label="ts_EstimatedPercentageOfLostProfits-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EstimatedPercentageOfLostProfits</link:label>
    <link:label xlink:label="ts_EstimatedPercentageOfLostProfits-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated percentage of lost profits</link:label>
    <link:label xlink:label="ts_EstimatedPercentageOfLostProfits-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage estimated for lost profits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EstimatedPercentageOfLostProfits" xlink:to="ts_EstimatedPercentageOfLostProfits-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities" xlink:label="ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities</link:label>
    <link:label xlink:label="ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess amount provisioned for estimated financial effect of contingent liabilities</link:label>
    <link:label xlink:label="ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The excess amount provisioned for the estimated financial effect of contingent liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities" xlink:to="ts_ExcessAmountProvisionedForEstimatedFinancialEffectOfContingentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TermOfSupplyContract" xlink:label="ts_TermOfSupplyContract" xlink:type="locator"/>
    <link:label xlink:label="ts_TermOfSupplyContract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TermOfSupplyContract</link:label>
    <link:label xlink:label="ts_TermOfSupplyContract-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of supply contract</link:label>
    <link:label xlink:label="ts_TermOfSupplyContract-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The term of a supply contract.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TermOfSupplyContract" xlink:to="ts_TermOfSupplyContract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfAuditorsRemunerationTextBlock" xlink:label="ts_DisclosureOfAuditorsRemunerationTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfAuditorsRemunerationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of auditor's remuneration [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfAuditorsRemunerationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of auditor's remuneration.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfAuditorsRemunerationTextBlock" xlink:to="ts_DisclosureOfAuditorsRemunerationTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FairValueOfFundedPostemploymentBenefitsMember" xlink:label="ts_FairValueOfFundedPostemploymentBenefitsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_FairValueOfFundedPostemploymentBenefitsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of funded post-employment benefits [member]</link:label>
    <link:label xlink:label="ts_FairValueOfFundedPostemploymentBenefitsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for the fair value of funded post-employment benefits.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FairValueOfFundedPostemploymentBenefitsMember" xlink:to="ts_FairValueOfFundedPostemploymentBenefitsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AuditorsRemunerationForAuditrelatedFees" xlink:label="ts_AuditorsRemunerationForAuditrelatedFees" xlink:type="locator"/>
    <link:label xlink:label="ts_AuditorsRemunerationForAuditrelatedFees-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit-related fees</link:label>
    <link:label xlink:label="ts_AuditorsRemunerationForAuditrelatedFees-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of fees paid or payable to the entity's auditors for other audit-related fees.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AuditorsRemunerationForAuditrelatedFees" xlink:to="ts_AuditorsRemunerationForAuditrelatedFees-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:label="ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One percent change, Euro / U.S. dollar foreign exchange risk [member]</link:label>
    <link:label xlink:label="ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a one percent change in Euro / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:to="ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OnePercentChangeUsDollarBrazilianRealForeignExchangeRiskMember" xlink:label="ts_OnePercentChangeUsDollarBrazilianRealForeignExchangeRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OnePercentChangeUsDollarBrazilianRealForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">One percent change, U.S. dollar / Brazilian Real foreign exchange risk [member]</link:label>
    <link:label xlink:label="ts_OnePercentChangeUsDollarBrazilianRealForeignExchangeRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a one percent change in U.S. dollar / Brazilian Real foreign exchange risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OnePercentChangeUsDollarBrazilianRealForeignExchangeRiskMember" xlink:to="ts_OnePercentChangeUsDollarBrazilianRealForeignExchangeRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MiscellaneousOtherProvisionsMember" xlink:label="ifrs-full_MiscellaneousOtherProvisionsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_MiscellaneousOtherProvisionsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous other provisions [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherProvisionsMember" xlink:to="ifrs-full_MiscellaneousOtherProvisionsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of general and administrative expense [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations" xlink:label="ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tax accrued</link:label>
    <link:label xlink:label="ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income taxes accrued, including portion related to the sale of discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations" xlink:to="ts_IncomeTaxesAccruedIncludingPortionOfSaleOfDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherProvisionsMember" xlink:label="ifrs-full_OtherProvisionsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherProvisionsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other provisions [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisionsMember" xlink:to="ifrs-full_OtherProvisionsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:label="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of general information about financial statements [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:to="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfProvisionsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="ifrs-full_ClassesOfShareCapitalMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfShareCapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share capital [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalMember" xlink:to="ifrs-full_ClassesOfShareCapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ifrs-full_ClassesOfShareCapitalAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfShareCapitalAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalAxis" xlink:to="ifrs-full_ClassesOfShareCapitalAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TransportadoraDeGasDelNorteSaMember" xlink:label="ts_TransportadoraDeGasDelNorteSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TransportadoraDeGasDelNorteSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transportadora de Gas del Norte S.A. [member]</link:label>
    <link:label xlink:label="ts_TransportadoraDeGasDelNorteSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding Transportadora de Gas del Norte S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TransportadoraDeGasDelNorteSaMember" xlink:to="ts_TransportadoraDeGasDelNorteSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PreferenceSharesMember" xlink:label="ifrs-full_PreferenceSharesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PreferenceSharesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference shares [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PreferenceSharesMember" xlink:to="ifrs-full_PreferenceSharesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_VoestAlpineGrobblechGmbMember" xlink:label="ts_VoestAlpineGrobblechGmbMember" xlink:type="locator"/>
    <link:label xlink:label="ts_VoestAlpineGrobblechGmbMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Voest Alpine Grobblech Gmb [member]</link:label>
    <link:label xlink:label="ts_VoestAlpineGrobblechGmbMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to the company called Voest Alpine Grobblech Gmb.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_VoestAlpineGrobblechGmbMember" xlink:to="ts_VoestAlpineGrobblechGmbMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PraxairSAMember" xlink:label="ts_PraxairSAMember" xlink:type="locator"/>
    <link:label xlink:label="ts_PraxairSAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Praxair S.A. [member]</link:label>
    <link:label xlink:label="ts_PraxairSAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the company Praxair S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PraxairSAMember" xlink:to="ts_PraxairSAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GraftechMember" xlink:label="ts_GraftechMember" xlink:type="locator"/>
    <link:label xlink:label="ts_GraftechMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Graftech [member]</link:label>
    <link:label xlink:label="ts_GraftechMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the company Graftech.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GraftechMember" xlink:to="ts_GraftechMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TubosDeAceroDeMexicoSAAndServiciosGeneralesTenarisTamsaSAMember" xlink:label="ts_TubosDeAceroDeMexicoSAAndServiciosGeneralesTenarisTamsaSAMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TubosDeAceroDeMexicoSAAndServiciosGeneralesTenarisTamsaSAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tubos de Acero de M&#233;xico S.A and Servicios Generales Tenaris Tamsa S.A. [member]</link:label>
    <link:label xlink:label="ts_TubosDeAceroDeMexicoSAAndServiciosGeneralesTenarisTamsaSAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the entities Tubos de Acero de M&#233;xico S.A and Servicios Generales Tenaris Tamsa S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TubosDeAceroDeMexicoSAAndServiciosGeneralesTenarisTamsaSAMember" xlink:to="ts_TubosDeAceroDeMexicoSAAndServiciosGeneralesTenarisTamsaSAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_MexicanTaxAuthoritiesMember" xlink:label="ts_MexicanTaxAuthoritiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_MexicanTaxAuthoritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mexican tax authorities [member]</link:label>
    <link:label xlink:label="ts_MexicanTaxAuthoritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the Mexican tax authorities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_MexicanTaxAuthoritiesMember" xlink:to="ts_MexicanTaxAuthoritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="invest_InvestmentAxis" xlink:type="locator"/>
    <link:label xlink:label="invest_InvestmentAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentAxis" xlink:to="invest_InvestmentAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="ifrs-full_NoncontrollingInterestsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncontrollingInterestsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestsMember" xlink:to="ifrs-full_NoncontrollingInterestsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RetainedEarningsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="invest_InvestmentDomain" xlink:type="locator"/>
    <link:label xlink:label="invest_InvestmentDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentDomain" xlink:to="invest_InvestmentDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations" xlink:label="ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations" xlink:type="locator"/>
    <link:label xlink:label="ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations</link:label>
    <link:label xlink:label="ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of alleged inaccurate currency exchange declarations</link:label>
    <link:label xlink:label="ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of alleged inaccurate currency exchange declarations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations" xlink:to="ts_NumberOfAllegedInaccurateCurrencyExchangeDeclarations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash-generating units [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:to="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AmountAllegedInaccurateForTheExportOfGoods" xlink:label="ts_AmountAllegedInaccurateForTheExportOfGoods" xlink:type="locator"/>
    <link:label xlink:label="ts_AmountAllegedInaccurateForTheExportOfGoods-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_AmountAllegedInaccurateForTheExportOfGoods</link:label>
    <link:label xlink:label="ts_AmountAllegedInaccurateForTheExportOfGoods-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount alleged inaccurate for the export of goods</link:label>
    <link:label xlink:label="ts_AmountAllegedInaccurateForTheExportOfGoods-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount alleged inaccurate for the export of goods.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AmountAllegedInaccurateForTheExportOfGoods" xlink:to="ts_AmountAllegedInaccurateForTheExportOfGoods-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ContractorMember" xlink:label="ts_ContractorMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ContractorMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractor [member]</link:label>
    <link:label xlink:label="ts_ContractorMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding a contractor.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ContractorMember" xlink:to="ts_ContractorMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:label="ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EntitysTotalForCashgeneratingUnitsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for cash-generating units [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:to="ifrs-full_EntitysTotalForCashgeneratingUnitsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ArgentineStateownedCompanyMember" xlink:label="ts_ArgentineStateownedCompanyMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ArgentineStateownedCompanyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Argentine state-owned company [member]</link:label>
    <link:label xlink:label="ts_ArgentineStateownedCompanyMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to a company in Argentina owned by the state.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ArgentineStateownedCompanyMember" xlink:to="ts_ArgentineStateownedCompanyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SharePremiumMember" xlink:label="ifrs-full_SharePremiumMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SharePremiumMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharePremiumMember" xlink:to="ifrs-full_SharePremiumMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LossContingencyMultipleOfFineApplicationPossible" xlink:label="ts_LossContingencyMultipleOfFineApplicationPossible" xlink:type="locator"/>
    <link:label xlink:label="ts_LossContingencyMultipleOfFineApplicationPossible-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_LossContingencyMultipleOfFineApplicationPossible</link:label>
    <link:label xlink:label="ts_LossContingencyMultipleOfFineApplicationPossible-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss contingency, multiple of fine application possible</link:label>
    <link:label xlink:label="ts_LossContingencyMultipleOfFineApplicationPossible-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The multiple of fine application to the value alleged in a legal proceeding.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LossContingencyMultipleOfFineApplicationPossible" xlink:to="ts_LossContingencyMultipleOfFineApplicationPossible-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherReservesMember" xlink:label="ifrs-full_OtherReservesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherReservesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReservesMember" xlink:to="ifrs-full_OtherReservesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information for cash-generating units [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" xlink:to="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityMember" xlink:label="ifrs-full_EquityMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityMember" xlink:to="ifrs-full_EquityMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GarrettMember" xlink:label="ts_GarrettMember" xlink:type="locator"/>
    <link:label xlink:label="ts_GarrettMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Garrett [member]</link:label>
    <link:label xlink:label="ts_GarrettMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the entity Garrett.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GarrettMember" xlink:to="ts_GarrettMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComponentsOfEquityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IssuedCapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="ifrs-full_EquityAttributableToOwnersOfParentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GrossProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:label="ts_GrossProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_GrossProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash received</link:label>
    <link:label xlink:label="ts_GrossProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gross cash inflow from the disposal of non-current assets or disposal groups classified as held for sale and discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GrossProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:to="ts_GrossProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in value of available for sale financial instruments and cash flow hedges net of tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:label="ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of discontinued operations net income components [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of discontinued operations net income components.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:to="ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NetAssetsSoldInDisposalCarryingAmount" xlink:label="ts_NetAssetsSoldInDisposalCarryingAmount" xlink:type="locator"/>
    <link:label xlink:label="ts_NetAssetsSoldInDisposalCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NetAssetsSoldInDisposalCarryingAmount</link:label>
    <link:label xlink:label="ts_NetAssetsSoldInDisposalCarryingAmount-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Carrying amount of net assets sold</link:label>
    <link:label xlink:label="ts_NetAssetsSoldInDisposalCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of net assets sold during the period in a disposal at carrying value.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NetAssetsSoldInDisposalCarryingAmount" xlink:to="ts_NetAssetsSoldInDisposalCarryingAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations" xlink:label="ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transaction and other costs</link:label>
    <link:label xlink:label="ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of transaction and other costs related to disposals of discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations" xlink:to="ts_TransactionAndOtherCostsRelatedToDisposalsOfDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GrossGainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:label="ts_GrossGainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:type="locator"/>
    <link:label xlink:label="ts_GrossGainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on sale before income tax</link:label>
    <link:label xlink:label="ts_GrossGainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gross gain (loss) recognised on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GrossGainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:to="ts_GrossGainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation</link:label>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency translation adjustment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxEffectFromChangeInTaxRate" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the tax rates</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectFromChangeInTaxRate" xlink:to="ifrs-full_TaxEffectFromChangeInTaxRate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency translation adjustment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Items that may be subsequently reclassified to profit or loss:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxEffectOfTaxLosses" xlink:label="ifrs-full_TaxEffectOfTaxLosses" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TaxEffectOfTaxLosses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrual / Utilization of previously unrecognized tax losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfTaxLosses" xlink:to="ifrs-full_TaxEffectOfTaxLosses-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remeasurements of post employment benefit obligations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax calculated at the tax rate in each country</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remeasurements of post employment benefit obligations, net of taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Items that will not be reclassified to profit or loss:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests</link:label>
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    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentSecuritiesClassAxis" xlink:label="invest_InvestmentSecuritiesClassAxis" xlink:type="locator"/>
    <link:label xlink:label="invest_InvestmentSecuritiesClassAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Securities Class [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentSecuritiesClassAxis" xlink:to="invest_InvestmentSecuritiesClassAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentSecuritiesClassDomain" xlink:label="invest_InvestmentSecuritiesClassDomain" xlink:type="locator"/>
    <link:label xlink:label="invest_InvestmentSecuritiesClassDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Securities Class [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentSecuritiesClassDomain" xlink:to="invest_InvestmentSecuritiesClassDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Owners of the parent</link:label>
    <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income for the year, net of tax, attributable to owners of the parent</link:label>
    <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income (loss) for the year attributable to:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised</link:label>
    <link:label xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unused tax losses for which no deferred tax asset recognised</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:to="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations</link:label>
    <link:label xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" xlink:to="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance" xlink:label="ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance</link:label>
    <link:label xlink:label="ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income tax expense on gain</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance" xlink:to="ifrs-full_TaxExpenseRelatingToGainLossOnDiscontinuance-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SignificantBorrowingsAsOfClosingDateMember" xlink:label="ts_SignificantBorrowingsAsOfClosingDateMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SignificantBorrowingsAsOfClosingDateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant borrowings as of closing date [member]</link:label>
    <link:label xlink:label="ts_SignificantBorrowingsAsOfClosingDateMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding significant borrowings as of closing date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SignificantBorrowingsAsOfClosingDateMember" xlink:to="ts_SignificantBorrowingsAsOfClosingDateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="ifrs-full_DisclosureOfIncomeTaxExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing and discontinued operations [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:to="ifrs-full_ContinuingAndDiscontinuedOperationsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:label="ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sale of discontinued operations [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The complete disclosure of the sale of discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:to="ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisConnectionsBvMember" xlink:label="ts_TenarisConnectionsBvMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisConnectionsBvMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS CONNECTIONS BV [member]</link:label>
    <link:label xlink:label="ts_TenarisConnectionsBvMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS CONNECTIONS BV.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisConnectionsBvMember" xlink:to="ts_TenarisConnectionsBvMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PrudentialSteelLtdMember" xlink:label="ts_PrudentialSteelLtdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_PrudentialSteelLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PRUDENTIAL STEEL LTD. [member]</link:label>
    <link:label xlink:label="ts_PrudentialSteelLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity PRUDENTIAL STEEL LTD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PrudentialSteelLtdMember" xlink:to="ts_PrudentialSteelLtdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CostOfSales" xlink:label="ifrs-full_CostOfSales" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CostOfSales-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_CostOfSales-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CostOfSales</link:label>
    <link:label xlink:label="ifrs-full_CostOfSales-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cost of sales</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CostOfSales" xlink:to="ifrs-full_CostOfSales-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DividendsProposedAfterTheReportingPeriodMember" xlink:label="ts_DividendsProposedAfterTheReportingPeriodMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DividendsProposedAfterTheReportingPeriodMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends proposed after the reporting period [member]</link:label>
    <link:label xlink:label="ts_DividendsProposedAfterTheReportingPeriodMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding dividends proposed after the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DividendsProposedAfterTheReportingPeriodMember" xlink:to="ts_DividendsProposedAfterTheReportingPeriodMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:type="locator"/>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationalization of subsidiaries, compensation award post-award interest</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of post-award interest for compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:to="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CounterpartiesAxis" xlink:label="ifrs-full_CounterpartiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CounterpartiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparties [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesAxis" xlink:to="ifrs-full_CounterpartiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman" xlink:label="ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman" xlink:type="locator"/>
    <link:label xlink:label="ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Governance covenant, term of intervals for the nomination of CEO and Chairman</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The term of intervals in a governance agreement for the nomination of CEO and Chairman.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman" xlink:to="ts_GovernanceCovenantTermOfAgreementForTheNominationOfCEOAndChairman-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TerniumInvestmentsSRlAndNipponSteelSumitomoMetalCorporationMember" xlink:label="ts_TerniumInvestmentsSRlAndNipponSteelSumitomoMetalCorporationMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TerniumInvestmentsSRlAndNipponSteelSumitomoMetalCorporationMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ternium Investments S.&#224; r.l. and Nippon Steel &amp; Sumitomo Metal Corporation [member]</link:label>
    <link:label xlink:label="ts_TerniumInvestmentsSRlAndNipponSteelSumitomoMetalCorporationMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the entities Ternium Investments S.&#224; r.l. and Nippon Steel &amp; Sumitomo Metal Corporation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TerniumInvestmentsSRlAndNipponSteelSumitomoMetalCorporationMember" xlink:to="ts_TerniumInvestmentsSRlAndNipponSteelSumitomoMetalCorporationMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CounterpartiesMember" xlink:label="ifrs-full_CounterpartiesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CounterpartiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparties [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesMember" xlink:to="ifrs-full_CounterpartiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard" xlink:label="ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard" xlink:type="locator"/>
    <link:label xlink:label="ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Governance covenant, total number of members in the executive board</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total number of members in the executive board required for the governance agreement to operate.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard" xlink:to="ts_GovernanceCovenantTotalNumberOfMembersInTheExecutiveBoard-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard" xlink:label="ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard" xlink:type="locator"/>
    <link:label xlink:label="ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Governance covenant, total number of Vice-Presidents in the executive board</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total number of Vice-Presidents in the executive board required in a governance agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard" xlink:to="ts_GovernanceCovenantTotalNumberOfVicepresidentsInTheExecutiveBoard-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman" xlink:label="ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman" xlink:type="locator"/>
    <link:label xlink:label="ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman</link:label>
    <link:label xlink:label="ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Governance covenant, number of consecutive years in an interval for the nomination of CEO and Chairman</link:label>
    <link:label xlink:label="ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of consecutive years in an interval for the nomination of CEO and Chairman in a governance agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman" xlink:to="ts_GovernanceCovenantNumberOfConsecutiveYearsInAnIntervalForTheNominationOfCEOandChairman-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman" xlink:label="ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman" xlink:type="locator"/>
    <link:label xlink:label="ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Governance covenant, term of consecutive years in an interval for the nomination of CEO and Chairman</link:label>
    <link:label xlink:label="ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The term of consecutive years in an interval for the nomination of the CEO and Chairman in a governance agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman" xlink:to="ts_GovernanceCovenantTermOfConsecutiveYearsInAnIntervalForTheNominationOfCeoAndChairman-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate" xlink:label="ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate" xlink:type="locator"/>
    <link:label xlink:label="ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate</link:label>
    <link:label xlink:label="ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restructuring covenant, number of allowed nominations per associate</link:label>
    <link:label xlink:label="ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of allowed nominations per associate in a restructuring covenant.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate" xlink:to="ts_RestructuringCovenantNumberOfAllowedNominationsPerAssociate-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure" xlink:label="ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure" xlink:type="locator"/>
    <link:label xlink:label="ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure</link:label>
    <link:label xlink:label="ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Governance covenant, minimum term of holding for current shareholders to exercise in a buy-and-sell procedure</link:label>
    <link:label xlink:label="ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The minimum term of holding for current shareholders to exercise in a buy-and-sell procedure for a governance agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure" xlink:to="ts_GovernanceCovenantMinimumTermOfHoldingForCurrentShareholdersToExerciseInABuyandsellProcedure-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CreditExposure" xlink:label="ifrs-full_CreditExposure" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CreditExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CreditExposure</link:label>
    <link:label xlink:label="ifrs-full_CreditExposure-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit exposure</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditExposure" xlink:to="ifrs-full_CreditExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:label="ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:type="locator"/>
    <link:label xlink:label="ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unfunded defined benefit employee retirement plan for certain senior officers [member]</link:label>
    <link:label xlink:label="ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to the unfunded defined benefit employee retirement plan for certain senior officers.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:to="ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations" xlink:label="ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">From discontinued operations</link:label>
    <link:label xlink:label="ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The tax expense relating to the profit (loss) arising from ordinary activities of discontinued operations and on the tax expense relating to the gain (loss) on discontinuance when operations are discontinued.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations" xlink:to="ts_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesAndDiscontinuanceOfDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAdvances" xlink:label="ifrs-full_CurrentAdvances" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentAdvances-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer advances</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAdvances" xlink:to="ifrs-full_CurrentAdvances-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CurrentDerivativeFinancialLiabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="ifrs-full_CurrentDerivativeFinancialLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentInvestments" xlink:label="ifrs-full_CurrentInvestments" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other investments - current</link:label>
    <link:label xlink:label="ifrs-full_CurrentInvestments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentInvestments" xlink:to="ifrs-full_CurrentInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities of disposal group classified as held for sale</link:label>
    <link:label xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities of disposal group classified as held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentProvisions" xlink:label="ifrs-full_CurrentProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CurrentProvisions</link:label>
    <link:label xlink:label="ifrs-full_CurrentProvisions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentProvisions" xlink:to="ifrs-full_CurrentProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax liabilities</link:label>
    <link:label xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="ifrs-full_CurrentTaxLiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="ifrs-full_TradeAndOtherCurrentPayables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TradeAndOtherCurrentPayables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayables" xlink:to="ifrs-full_TradeAndOtherCurrentPayables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, net</link:label>
    <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets and goodwill at end of period</link:label>
    <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Values at the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Values at the end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="ifrs-full_CurrentLiabilitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentLiabilitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesAbstract" xlink:to="ifrs-full_CurrentLiabilitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:to="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentValueAddedTaxPayables" xlink:label="ifrs-full_CurrentValueAddedTaxPayables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentValueAddedTaxPayables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">V.A.T. liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentValueAddedTaxPayables" xlink:to="ifrs-full_CurrentValueAddedTaxPayables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NorthAmerica1Member" xlink:label="ts_NorthAmerica1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_NorthAmerica1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">North America [member]</link:label>
    <link:label xlink:label="ts_NorthAmerica1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Continent of North America.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NorthAmerica1Member" xlink:to="ts_NorthAmerica1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SouthAmerica1Member" xlink:label="ts_SouthAmerica1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_SouthAmerica1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">South America [member]</link:label>
    <link:label xlink:label="ts_SouthAmerica1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Continent of South America.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SouthAmerica1Member" xlink:to="ts_SouthAmerica1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity" xlink:label="ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity</link:label>
    <link:label xlink:label="ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining amortisation period of intangible assets material to entity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity" xlink:to="ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AsiaPacific1Member" xlink:label="ts_AsiaPacific1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_AsiaPacific1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asia Pacific [member]</link:label>
    <link:label xlink:label="ts_AsiaPacific1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Region of Asia Pacific.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AsiaPacific1Member" xlink:to="ts_AsiaPacific1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UnallocatedRegionMember" xlink:label="ts_UnallocatedRegionMember" xlink:type="locator"/>
    <link:label xlink:label="ts_UnallocatedRegionMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unallocated region [member]</link:label>
    <link:label xlink:label="ts_UnallocatedRegionMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents an unallocated region.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UnallocatedRegionMember" xlink:to="ts_UnallocatedRegionMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_Europe1Member" xlink:label="ts_Europe1Member" xlink:type="locator"/>
    <link:label xlink:label="ts_Europe1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Europe [member]</link:label>
    <link:label xlink:label="ts_Europe1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Continent of Europe.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_Europe1Member" xlink:to="ts_Europe1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:label="ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables and prepayments, net</link:label>
    <link:label xlink:label="ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_MiddleEastAndAfricaMember" xlink:label="ts_MiddleEastAndAfricaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_MiddleEastAndAfricaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Middle East and Africa [member]</link:label>
    <link:label xlink:label="ts_MiddleEastAndAfricaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Regions of the Middle East and Africa.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_MiddleEastAndAfricaMember" xlink:to="ts_MiddleEastAndAfricaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentValueAddedTaxReceivables" xlink:label="ifrs-full_CurrentValueAddedTaxReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentValueAddedTaxReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">V.A.T. credits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentValueAddedTaxReceivables" xlink:to="ifrs-full_CurrentValueAddedTaxReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_HydrillAcquisitionMember" xlink:label="ts_HydrillAcquisitionMember" xlink:type="locator"/>
    <link:label xlink:label="ts_HydrillAcquisitionMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hydrill acquisition [member]</link:label>
    <link:label xlink:label="ts_HydrillAcquisitionMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Hydrill acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_HydrillAcquisitionMember" xlink:to="ts_HydrillAcquisitionMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OctgUsaMember" xlink:label="ts_OctgUsaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OctgUsaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OCTG (USA) [member]</link:label>
    <link:label xlink:label="ts_OctgUsaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash generating unit OCTG (USA).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OctgUsaMember" xlink:to="ts_OctgUsaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_MaverickAcquisitionMember" xlink:label="ts_MaverickAcquisitionMember" xlink:type="locator"/>
    <link:label xlink:label="ts_MaverickAcquisitionMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maverick acquisition [member]</link:label>
    <link:label xlink:label="ts_MaverickAcquisitionMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Maverick acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_MaverickAcquisitionMember" xlink:to="ts_MaverickAcquisitionMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="ifrs-full_CurrentTaxExpenseIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentTaxExpenseIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncome" xlink:to="ifrs-full_CurrentTaxExpenseIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="ifrs-full_CurrentTradeReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentTradeReceivables-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_CurrentTradeReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables, net</link:label>
    <link:label xlink:label="ifrs-full_CurrentTradeReceivables-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current trade receivables</link:label>
    <link:label xlink:label="ifrs-full_CurrentTradeReceivables-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTradeReceivables" xlink:to="ifrs-full_CurrentTradeReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_HydrilMember" xlink:label="ts_HydrilMember" xlink:type="locator"/>
    <link:label xlink:label="ts_HydrilMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hydril [member]</link:label>
    <link:label xlink:label="ts_HydrilMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash generating unit Hydril.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_HydrilMember" xlink:to="ts_HydrilMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CoiledTubingMember" xlink:label="ts_CoiledTubingMember" xlink:type="locator"/>
    <link:label xlink:label="ts_CoiledTubingMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Coiled Tubing [member]</link:label>
    <link:label xlink:label="ts_CoiledTubingMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash generating unit Coiled Tubing.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CoiledTubingMember" xlink:to="ts_CoiledTubingMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of intangible assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TamsaHydrilAndOtherMember" xlink:label="ts_TamsaHydrilAndOtherMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TamsaHydrilAndOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tamsa (Hydril and other) [member]</link:label>
    <link:label xlink:label="ts_TamsaHydrilAndOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash generating unit Tamsa (Hydril and other).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TamsaHydrilAndOtherMember" xlink:to="ts_TamsaHydrilAndOtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SidercaHydrilAndOtherMember" xlink:label="ts_SidercaHydrilAndOtherMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SidercaHydrilAndOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Siderca (Hydril and other) [member]</link:label>
    <link:label xlink:label="ts_SidercaHydrilAndOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash generating unit Siderca (Hydril and other).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SidercaHydrilAndOtherMember" xlink:to="ts_SidercaHydrilAndOtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_InformationSystemProjectsMember" xlink:label="ts_InformationSystemProjectsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_InformationSystemProjectsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Information system projects [member]</link:label>
    <link:label xlink:label="ts_InformationSystemProjectsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible assets classified as information system projects.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_InformationSystemProjectsMember" xlink:to="ts_InformationSystemProjectsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LicensesPatentsAndTrademarksMember" xlink:label="ts_LicensesPatentsAndTrademarksMember" xlink:type="locator"/>
    <link:label xlink:label="ts_LicensesPatentsAndTrademarksMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Licenses, patents and trademarks [member]</link:label>
    <link:label xlink:label="ts_LicensesPatentsAndTrademarksMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible assets classified as licenses, patents and trademarks.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LicensesPatentsAndTrademarksMember" xlink:to="ts_LicensesPatentsAndTrademarksMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherCguMember" xlink:label="ts_OtherCguMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherCguMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other CGU [member]</link:label>
    <link:label xlink:label="ts_OtherCguMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash generating unit classified as other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherCguMember" xlink:to="ts_OtherCguMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_InventoriesAllowanceForObsolescence" xlink:label="ts_InventoriesAllowanceForObsolescence" xlink:type="locator"/>
    <link:label xlink:label="ts_InventoriesAllowanceForObsolescence-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_InventoriesAllowanceForObsolescence</link:label>
    <link:label xlink:label="ts_InventoriesAllowanceForObsolescence-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Allowance for obsolescence (see Note 23 (i))</link:label>
    <link:label xlink:label="ts_InventoriesAllowanceForObsolescence-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of the allowance for obsolescence for inventories.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_InventoriesAllowanceForObsolescence" xlink:to="ts_InventoriesAllowanceForObsolescence-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about inventories [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about inventories.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_InventoriesGross" xlink:label="ts_InventoriesGross" xlink:type="locator"/>
    <link:label xlink:label="ts_InventoriesGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_InventoriesGross</link:label>
    <link:label xlink:label="ts_InventoriesGross-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_InventoriesGross-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of inventories before allowance for obsolescence.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_InventoriesGross" xlink:to="ts_InventoriesGross-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilityAsset" xlink:label="ifrs-full_DeferredTaxLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DeferredTaxLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilityAsset" xlink:to="ifrs-full_DeferredTaxLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncome" xlink:label="ifrs-full_DeferredTaxExpenseIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncome" xlink:to="ifrs-full_DeferredTaxExpenseIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities to be recovered after 12 months</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax expense (income) relating to tax rate changes or imposition of new taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:label="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in subsidiaries [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:to="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax expense (income) relating to origination and reversal of temporary differences</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:label="ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in other entities [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:to="ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DefinedBenefitObligationAtPresentValue</link:label>
    <link:label xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Present value of funded obligations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:to="ifrs-full_DefinedBenefitObligationAtPresentValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DefinedBenefitPlansMember" xlink:label="ifrs-full_DefinedBenefitPlansMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DefinedBenefitPlansMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit plans [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansMember" xlink:to="ifrs-full_DefinedBenefitPlansMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="ifrs-full_DefinedBenefitPlansAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DefinedBenefitPlansAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit plans [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansAxis" xlink:to="ifrs-full_DefinedBenefitPlansAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsPaidOrdinarySharesPerShare</link:label>
    <link:label xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends paid, ordinary shares per share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:to="ifrs-full_DividendsPaidOrdinarySharesPerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member" xlink:label="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) due to application of IFRS 15 [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member" xlink:to="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about cost of sales [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesServicesAndFees" xlink:label="ts_CostOfSalesServicesAndFees" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesServicesAndFees-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Services and fees</link:label>
    <link:label xlink:label="ts_CostOfSalesServicesAndFees-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of services and fees expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesServicesAndFees" xlink:to="ts_CostOfSalesServicesAndFees-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember" xlink:label="ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) due to changes in accounting policy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember" xlink:to="ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:label="ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Raw materials, energy, consumables and other</link:label>
    <link:label xlink:label="ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of raw materials, energy, consumables and other expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:to="ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesAmortizationOfIntangibleAssets" xlink:label="ts_CostOfSalesAmortizationOfIntangibleAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesAmortizationOfIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:label xlink:label="ts_CostOfSalesAmortizationOfIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of amortization of intangible assets attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesAmortizationOfIntangibleAssets" xlink:to="ts_CostOfSalesAmortizationOfIntangibleAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesMaintenanceExpenses" xlink:label="ts_CostOfSalesMaintenanceExpenses" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesMaintenanceExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maintenance expenses</link:label>
    <link:label xlink:label="ts_CostOfSalesMaintenanceExpenses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of maintenance expenses attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesMaintenanceExpenses" xlink:to="ts_CostOfSalesMaintenanceExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesLaborCost" xlink:label="ts_CostOfSalesLaborCost" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesLaborCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Labor cost</link:label>
    <link:label xlink:label="ts_CostOfSalesLaborCost-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of labor cost attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesLaborCost" xlink:to="ts_CostOfSalesLaborCost-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInventoriesExplanatory" xlink:label="ifrs-full_DisclosureOfInventoriesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfInventoriesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of inventories [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInventoriesExplanatory" xlink:to="ifrs-full_DisclosureOfInventoriesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RestatedMember" xlink:label="ifrs-full_RestatedMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RestatedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currently stated [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestatedMember" xlink:to="ifrs-full_RestatedMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:label="ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation of property, plant and equipment</link:label>
    <link:label xlink:label="ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of depreciation of property, plant and equipment attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:to="ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesOther" xlink:label="ts_CostOfSalesOther" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesOther-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="ts_CostOfSalesOther-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CostOfSalesOther</link:label>
    <link:label xlink:label="ts_CostOfSalesOther-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesOther" xlink:to="ts_CostOfSalesOther-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesIncludingDiscontinuedOperations" xlink:label="ts_CostOfSalesIncludingDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CostOfSalesIncludingDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_CostOfSalesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_CostOfSalesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of cost of sales including discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesIncludingDiscontinuedOperations" xlink:to="ts_CostOfSalesIncludingDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesAllowanceForObsolescence" xlink:label="ts_CostOfSalesAllowanceForObsolescence" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesAllowanceForObsolescence-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for obsolescence</link:label>
    <link:label xlink:label="ts_CostOfSalesAllowanceForObsolescence-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of allowance for obsolescence attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesAllowanceForObsolescence" xlink:to="ts_CostOfSalesAllowanceForObsolescence-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesTaxes" xlink:label="ts_CostOfSalesTaxes" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesTaxes-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes</link:label>
    <link:label xlink:label="ts_CostOfSalesTaxes-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of tax expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesTaxes" xlink:to="ts_CostOfSalesTaxes-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about selling, general and administrative expenses [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:label="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesServicesAndFees</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Services and fees</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of services and fees attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:to="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_InventoriesIncludingDiscontinuedOperations" xlink:label="ts_InventoriesIncludingDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_InventoriesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_InventoriesIncludingDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_InventoriesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Inventories at the end of the year (*)</link:label>
    <link:label xlink:label="ts_InventoriesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current inventories including discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_InventoriesIncludingDiscontinuedOperations" xlink:to="ts_InventoriesIncludingDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CostOfSalesDiscontinuedOperations" xlink:label="ts_CostOfSalesDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_CostOfSalesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CostOfSalesDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_CostOfSalesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">From discontinued operations</link:label>
    <link:label xlink:label="ts_CostOfSalesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of expense attributable to cost of sales from discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CostOfSalesDiscontinuedOperations" xlink:to="ts_CostOfSalesDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:label="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of amortization of intangible assets attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:to="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="ifrs-full_DerivativeFinancialLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DerivativeFinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DerivativeFinancialLiabilities</link:label>
    <link:label xlink:label="ifrs-full_DerivativeFinancialLiabilities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Derivatives with with negative fair values</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilities" xlink:to="ifrs-full_DerivativeFinancialLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:label="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commissions, freight and other selling expenses</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of commissions, freight and other selling expenses attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:to="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DerivativeFinancialAssets" xlink:label="ifrs-full_DerivativeFinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DerivativeFinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives with with positive fair values</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialAssets" xlink:to="ifrs-full_DerivativeFinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesLaborCost" xlink:label="ts_SellingGeneralAndAdministrativeExpensesLaborCost" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesLaborCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesLaborCost</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesLaborCost-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Labor cost</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesLaborCost-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of labor cost attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesLaborCost" xlink:to="ts_SellingGeneralAndAdministrativeExpensesLaborCost-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:label="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation of property, plant and equipment</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of depreciation of property, plant and equipment attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:to="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TotalExcessCostOfProject" xlink:label="ts_TotalExcessCostOfProject" xlink:type="locator"/>
    <link:label xlink:label="ts_TotalExcessCostOfProject-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TotalExcessCostOfProject</link:label>
    <link:label xlink:label="ts_TotalExcessCostOfProject-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total excess cost of project</link:label>
    <link:label xlink:label="ts_TotalExcessCostOfProject-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total excess cost of a project.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TotalExcessCostOfProject" xlink:to="ts_TotalExcessCostOfProject-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesTaxes" xlink:label="ts_SellingGeneralAndAdministrativeExpensesTaxes" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesTaxes-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesTaxes</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesTaxes-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesTaxes-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of taxes attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesTaxes" xlink:to="ts_SellingGeneralAndAdministrativeExpensesTaxes-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesOther" xlink:label="ts_SellingGeneralAndAdministrativeExpensesOther" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesOther-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesOther</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesOther-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesOther-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other expenses attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesOther" xlink:to="ts_SellingGeneralAndAdministrativeExpensesOther-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:label="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions for contingencies</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of provisions for contingencies attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:to="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:label="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowances for doubtful accounts</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of allowances for doubtful accounts attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:to="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PurchaseCommitments" xlink:label="ts_PurchaseCommitments" xlink:type="locator"/>
    <link:label xlink:label="ts_PurchaseCommitments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_PurchaseCommitments</link:label>
    <link:label xlink:label="ts_PurchaseCommitments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase commitments</link:label>
    <link:label xlink:label="ts_PurchaseCommitments-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount liable for purchase commitments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PurchaseCommitments" xlink:to="ts_PurchaseCommitments-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations" xlink:label="ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of selling, general and administrative expenses including discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations" xlink:to="ts_SellingGeneralAndAdministrativeExpensesIncludingDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations" xlink:label="ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">From discontinued operations</link:label>
    <link:label xlink:label="ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of selling, general and administrative expenses attributable to discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations" xlink:to="ts_SellingGeneralAndAdministrativeExpensesDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EmployeeBenefitsExpenseDiscontinuedOperations" xlink:label="ts_EmployeeBenefitsExpenseDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_EmployeeBenefitsExpenseDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EmployeeBenefitsExpenseDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsExpenseDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">From discontinued operations</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsExpenseDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of employee benefits expense attributable to discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EmployeeBenefitsExpenseDiscontinuedOperations" xlink:to="ts_EmployeeBenefitsExpenseDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about labor costs [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about labor costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:label="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of investments accounted for using equity method [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations" xlink:label="ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment. Includes discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations" xlink:to="ts_EmployeeBenefitsExpenseIncludingDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for borrowings [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherGeographicalAreasMember" xlink:label="ts_OtherGeographicalAreasMember" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherGeographicalAreasMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other geographical areas [member]</link:label>
    <link:label xlink:label="ts_OtherGeographicalAreasMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographical areas not otherwise defined.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherGeographicalAreasMember" xlink:to="ts_OtherGeographicalAreasMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for earnings per share [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for expenses [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for financial instruments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about other operating income and expenses [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about other operating income and expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingIncomeAbstract" xlink:label="ts_OtherOperatingIncomeAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingIncomeAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingIncomeAbstract" xlink:to="ts_OtherOperatingIncomeAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingExpensesAbstract" xlink:label="ts_OtherOperatingExpensesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingExpensesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating expenses:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingExpensesAbstract" xlink:to="ts_OtherOperatingExpensesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingExpenseDiscontinuedOperations" xlink:label="ts_OtherOperatingExpenseDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingExpenseDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherOperatingExpenseDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_OtherOperatingExpenseDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="resource" xml:lang="en-US">From discontinued operations</link:label>
    <link:label xlink:label="ts_OtherOperatingExpenseDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other operating expense attributable to discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingExpenseDiscontinuedOperations" xlink:to="ts_OtherOperatingExpenseDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherExpenseIncludingDiscontinuedOperations" xlink:label="ts_OtherExpenseIncludingDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherExpenseIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherExpenseIncludingDiscontinuedOperations</link:label>
    <link:label xlink:label="ts_OtherExpenseIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_OtherExpenseIncludingDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other expense including discontinued operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherExpenseIncludingDiscontinuedOperations" xlink:to="ts_OtherExpenseIncludingDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for intangible assets and goodwill [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for investments other than investments accounted for using equity method [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for investment in associates and joint ventures [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for measuring inventories [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for issued capital [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:label="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Allowance for doubtful receivables</link:label>
    <link:label xlink:label="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables</link:label>
    <link:label xlink:label="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other operating expenses attributable to allowance for doubtful receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:to="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies" xlink:label="ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provisions for legal claims and contingencies</link:label>
    <link:label xlink:label="ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies</link:label>
    <link:label xlink:label="ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other operating expenses attributable to provisions for legal claims and contingencies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies" xlink:to="ts_OtherOperatingExpensesProvisionsForLegalClaimsAndContingencies-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">After tax gain on the sale of Conduit</link:label>
    <link:label xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation</link:label>
    <link:label xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gain on sale after income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:to="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations" xlink:label="ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income before income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations" xlink:to="ifrs-full_ProfitLossBeforeTaxDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for provisions [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-current assets held for sale and discontinued operations [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingIncomeNetRents" xlink:label="ts_OtherOperatingIncomeNetRents" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingIncomeNetRents-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net rents</link:label>
    <link:label xlink:label="ts_OtherOperatingIncomeNetRents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherOperatingIncomeNetRents</link:label>
    <link:label xlink:label="ts_OtherOperatingIncomeNetRents-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other operating income attributable to net rents.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingIncomeNetRents" xlink:to="ts_OtherOperatingIncomeNetRents-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for segment reporting [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:label="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Contributions to welfare projects and non-profits organizations</link:label>
    <link:label xlink:label="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations</link:label>
    <link:label xlink:label="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other operating expense attributable to contributions to welfare projects and non-profits organizations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:to="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherOperatingIncomeNetIncomeFromOtherSales" xlink:label="ts_OtherOperatingIncomeNetIncomeFromOtherSales" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherOperatingIncomeNetIncomeFromOtherSales-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income from other sales</link:label>
    <link:label xlink:label="ts_OtherOperatingIncomeNetIncomeFromOtherSales-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherOperatingIncomeNetIncomeFromOtherSales</link:label>
    <link:label xlink:label="ts_OtherOperatingIncomeNetIncomeFromOtherSales-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of other operating income attributable to net income from other sales.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherOperatingIncomeNetIncomeFromOtherSales" xlink:to="ts_OtherOperatingIncomeNetIncomeFromOtherSales-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare</link:label>
    <link:label xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:to="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare</link:label>
    <link:label xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends recognised as distributions to owners per share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:to="ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for trade and other receivables [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about current allowances and provisions deducted from assets [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about current allowances and provisions deducted from assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:label="ts_AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_AllowanceForDoubtfulAccountsTradeReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for doubtful accounts - trade receivables [member]</link:label>
    <link:label xlink:label="ts_AllowanceForDoubtfulAccountsTradeReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the allowance for doubtful accounts attributable to trade receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:to="ts_AllowanceForDoubtfulAccountsTradeReceivablesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:label="ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of current allowances and provisions [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of current allowances and provisions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:to="ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for trade and other payables [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:label="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:type="locator"/>
    <link:label xlink:label="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances</link:label>
    <link:label xlink:label="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reversals / (additional) allowances</link:label>
    <link:label xlink:label="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) through reversals and (additional) allowances.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:to="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SalesRisksMember" xlink:label="ts_SalesRisksMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SalesRisksMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales risks [member]</link:label>
    <link:label xlink:label="ts_SalesRisksMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the sales risks provision.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SalesRisksMember" xlink:to="ts_SalesRisksMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:label="ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for other doubtful accounts - other receivables [member]</link:label>
    <link:label xlink:label="ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the allowance for other doubtful accounts attributable to other receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:to="ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AllowanceForInventoryObsolescenceMember" xlink:label="ts_AllowanceForInventoryObsolescenceMember" xlink:type="locator"/>
    <link:label xlink:label="ts_AllowanceForInventoryObsolescenceMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for inventory obsolescence [member]</link:label>
    <link:label xlink:label="ts_AllowanceForInventoryObsolescenceMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the allowance for inventory obsolescence.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AllowanceForInventoryObsolescenceMember" xlink:to="ts_AllowanceForInventoryObsolescenceMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of significant accounting policies [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:to="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for determining components of cash and cash equivalents [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:to="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about current allowances and provisions from liabilities [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about current allowances and provisions from liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about non-current allowances and provisions deducted from non-current receivables [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about non-current allowances and provisions deducted from non-current receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ProvisionsForCurrentLiabilitiesMember" xlink:label="ts_ProvisionsForCurrentLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ProvisionsForCurrentLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for current liabilities [member]</link:label>
    <link:label xlink:label="ts_ProvisionsForCurrentLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the provision for current liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ProvisionsForCurrentLiabilitiesMember" xlink:to="ts_ProvisionsForCurrentLiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:label="ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-current allowances and provisions [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of non-current allowances and provisions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:to="ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentAllowanceForReceivablesMember" xlink:label="ts_NoncurrentAllowanceForReceivablesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentAllowanceForReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current allowance for receivables [member]</link:label>
    <link:label xlink:label="ts_NoncurrentAllowanceForReceivablesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the non-current allowance for receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentAllowanceForReceivablesMember" xlink:to="ts_NoncurrentAllowanceForReceivablesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of trade and other receivables [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:to="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:label="ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of tax receivables and payables [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:to="ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about non-current allowances and provisions from liabilities [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about non-current allowances and provisions from liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ProvisionForNoncurrentLiabilitiesMember" xlink:label="ts_ProvisionForNoncurrentLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ProvisionForNoncurrentLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for non-current liabilities [member]</link:label>
    <link:label xlink:label="ts_ProvisionForNoncurrentLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the provision for non-current liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ProvisionForNoncurrentLiabilitiesMember" xlink:to="ts_ProvisionForNoncurrentLiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about derivative financial instruments [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about derivative financial instruments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation, amortisation and impairment [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DerivativeFinancialAssetsLiabilities" xlink:label="ts_DerivativeFinancialAssetsLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ts_DerivativeFinancialAssetsLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivatives</link:label>
    <link:label xlink:label="ts_DerivativeFinancialAssetsLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label xlink:label="ts_DerivativeFinancialAssetsLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of financial assets (liabilities) classified as derivative instruments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DerivativeFinancialAssetsLiabilities" xlink:to="ts_DerivativeFinancialAssetsLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeDerivativesContractsMember" xlink:label="ts_ForeignExchangeDerivativesContractsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeDerivativesContractsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange derivatives contracts [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeDerivativesContractsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents foreign exchange derivatives contracts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeDerivativesContractsMember" xlink:to="ts_ForeignExchangeDerivativesContractsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections</link:label>
    <link:label xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount rate applied to cash flow projections</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:to="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</link:label>
    <link:label xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total consideration transferred, acquisition-date fair value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency EUR, sell currency USD [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is EUR and the sell currency USD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency USD, sell currency EUR [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is USD and the sell currency EUR.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency MXN, sell currency USD [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is MXN and the sell currency USD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency USD, sell currency MXN [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is USD and the sell currency MXN.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyArsMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyArsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyArsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency USD, sell currency ARS [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyArsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is USD and the sell currency ARS.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyArsMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyArsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyArsSellCurrencyUsdMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyArsSellCurrencyUsdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyArsSellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency ARS, sell currency USD [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyArsSellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is ARS and the sell currency USD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyArsSellCurrencyUsdMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyArsSellCurrencyUsdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency JPY, sell currency USD [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is JPY and the sell currency USD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency USD, sell currency KWD [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is USD and the sell currency KWD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill</link:label>
    <link:label xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase due to business combinations (**)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency USD, sell currency BRL [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is USD and the sell currency BRL.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractOtherMember" xlink:label="ts_ForeignExchangeContractOtherMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, Other [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract classified as other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractOtherMember" xlink:to="ts_ForeignExchangeContractOtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase due to business combinations (*)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange contract, purchase currency USD, sell currency GPB [member]</link:label>
    <link:label xlink:label="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a foreign exchange contract where the purchase currency is USD and the sell currency GBP.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:to="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of discount rates [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRatesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRates-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of compensation increase</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:to="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumption of expected rates of salary increases [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" xlink:to="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionsMember" xlink:label="ifrs-full_ActuarialAssumptionsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialAssumptionsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumptions [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionsMember" xlink:to="ifrs-full_ActuarialAssumptionsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionsAxis" xlink:label="ifrs-full_ActuarialAssumptionsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialAssumptionsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumptions [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionsAxis" xlink:to="ifrs-full_ActuarialAssumptionsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remeasurements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial losses (gains) arising from changes in demographic assumptions, net defined benefit liability (asset)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset</link:label>
    <link:label xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfNoncurrentReceivablesTextBlock" xlink:label="ts_DisclosureOfNoncurrentReceivablesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfNoncurrentReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-current receivables [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfNoncurrentReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure for non-current receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfNoncurrentReceivablesTextBlock" xlink:to="ts_DisclosureOfNoncurrentReceivablesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections</link:label>
    <link:label xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts" xlink:label="ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts</link:label>
    <link:label xlink:label="ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of trade and other non-current receivables before the allowance for doubtful accounts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts" xlink:to="ts_TradeAndOtherNoncurrentReceivablesBeforeTheAllowanceForDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentReceivablesGovernmentEntities" xlink:label="ts_NoncurrentReceivablesGovernmentEntities" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentReceivablesGovernmentEntities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Government entities</link:label>
    <link:label xlink:label="ts_NoncurrentReceivablesGovernmentEntities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NoncurrentReceivablesGovernmentEntities</link:label>
    <link:label xlink:label="ts_NoncurrentReceivablesGovernmentEntities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current receivables from government entities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentReceivablesGovernmentEntities" xlink:to="ts_NoncurrentReceivablesGovernmentEntities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about non-current receivables [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure for detailed information about non-current receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts" xlink:label="ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts</link:label>
    <link:label xlink:label="ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Allowances for doubtful accounts (see Note 22 (i))</link:label>
    <link:label xlink:label="ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The allowance for doubtful accounts attributable to trade and other non-current receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts" xlink:to="ts_TradeAndOtherNoncurrentReceivablesAllowanceForDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sales of services to related parties</link:label>
    <link:label xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:to="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:label="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Employee advances and loans</link:label>
    <link:label xlink:label="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NoncurrentReceivablesEmployeeAdvancesAndLoans</link:label>
    <link:label xlink:label="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current receivables from employee advances and loans.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:to="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:label="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:type="locator"/>
    <link:label xlink:label="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Advances to suppliers and other advances</link:label>
    <link:label xlink:label="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances</link:label>
    <link:label xlink:label="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current receivables from advances to suppliers and other advances.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:to="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:label="ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Purchases of services to related parties</link:label>
    <link:label xlink:label="ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:to="ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:label="ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sales of goods to related parties</link:label>
    <link:label xlink:label="ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:to="ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_AR" xlink:label="country_AR" xlink:type="locator"/>
    <link:label xlink:label="country_AR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ARGENTINA</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AR" xlink:to="country_AR-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:label="ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchasesOfGoodsRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Purchases of goods to related parties</link:label>
    <link:label xlink:label="ifrs-full_PurchasesOfGoodsRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PurchasesOfGoodsRelatedPartyTransactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:to="ifrs-full_PurchasesOfGoodsRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment</link:label>
    <link:label xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, share-based payment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of transactions between related parties [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits</link:label>
    <link:label xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, short-term employee benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of related party [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:to="ifrs-full_DisclosureOfRelatedPartyExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionalProvisionsOtherProvisions" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:to="ifrs-full_AdditionalProvisionsOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_BR" xlink:label="country_BR" xlink:type="locator"/>
    <link:label xlink:label="country_BR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">BRAZIL</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BR" xlink:to="country_BR-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_CA" xlink:label="country_CA" xlink:type="locator"/>
    <link:label xlink:label="country_CA-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of property, plant and equipment [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill</link:label>
    <link:label xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOtherNoncurrentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfOtherNoncurrentLiabilitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOtherNoncurrentLiabilitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other non-current liabilities [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherNoncurrentLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfOtherNoncurrentLiabilitiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other operating income (expense) [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_CH" xlink:label="country_CH" xlink:type="locator"/>
    <link:label xlink:label="country_CH-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SWITZERLAND</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CH" xlink:to="country_CH-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other liabilities [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other current liabilities [text block]</link:label>
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    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_CO" xlink:label="country_CO" xlink:type="locator"/>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNotesAndOtherExplanatoryInformationExplanatory" xlink:label="ifrs-full_DisclosureOfNotesAndOtherExplanatoryInformationExplanatory" xlink:type="locator"/>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Customer advances</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_GB" xlink:label="country_GB" xlink:type="locator"/>
    <link:label xlink:label="country_GB-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED KINGDOM</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment charge</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForIncomeTaxExpense</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax accruals less payments</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from the sale of Conduit business</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_MaturityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_ID" xlink:label="country_ID" xlink:type="locator"/>
    <link:label xlink:label="country_ID-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INDONESIA</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="ifrs-full_AdjustmentsForProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForProvisions</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForProvisions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in provisions</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_EquityAndLiabilities</link:label>
    <link:label xlink:label="ifrs-full_EquityAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity and liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency translation adjustment and others</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Equity in (earnings) losses of non-consolidated companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates" xlink:to="ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_IT" xlink:label="country_IT" xlink:type="locator"/>
    <link:label xlink:label="country_IT-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ITALY</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_IT" xlink:to="country_IT-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_JP" xlink:label="country_JP" xlink:type="locator"/>
    <link:label xlink:label="country_JP-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">JAPAN</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_JP" xlink:to="country_JP-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContinuingOperationsMember" xlink:label="ifrs-full_ContinuingOperationsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ContinuingOperationsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Continuing operations [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingOperationsMember" xlink:to="ifrs-full_ContinuingOperationsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:label="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aggregate continuing and discontinued operations [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:to="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="ifrs-full_NoncurrentLiabilitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:label="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal groups classified as held for sale [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:to="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember-label" xlink:type="arc"/>
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    <link:label xlink:label="ifrs-full_NoncurrentProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentProvisions" xlink:to="ifrs-full_NoncurrentProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DiscontinuedOperationsMember" xlink:label="ifrs-full_DiscontinuedOperationsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DiscontinuedOperationsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discontinued operations [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscontinuedOperationsMember" xlink:to="ifrs-full_DiscontinuedOperationsMember-label" xlink:type="arc"/>
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    <link:label xlink:label="ifrs-full_OtherReserves-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal reserve</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReserves" xlink:to="ifrs-full_OtherReserves-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LiabilitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital and reserves attributable to owners of the parent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings including net income for the year ended December 31, 2017</link:label>
    <link:label xlink:label="ifrs-full_RetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Retained earnings at December 31, 2016 under Luxembourg law</link:label>
    <link:label xlink:label="ifrs-full_RetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Retained earnings at December 31, 2017 under Luxembourg law</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IssuedCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SharePremium" xlink:label="ifrs-full_SharePremium" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SharePremium-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharePremium" xlink:to="ifrs-full_SharePremium-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_StatementOfFinancialPositionAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="ifrs-full_StatementOfFinancialPositionAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_LU" xlink:label="country_LU" xlink:type="locator"/>
    <link:label xlink:label="country_LU-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LUXEMBOURG</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_LU" xlink:to="country_LU-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LaterThanFiveYearsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three years and not later than four years [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="ifrs-full_LaterThanOneYearMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LaterThanOneYearMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearMember" xlink:to="ifrs-full_LaterThanOneYearMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NotLaterThanOneYearMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="ifrs-full_AggregatedTimeBandsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AggregatedTimeBandsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aggregated time bands [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedTimeBandsMember" xlink:to="ifrs-full_AggregatedTimeBandsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_MX" xlink:label="country_MX" xlink:type="locator"/>
    <link:label xlink:label="country_MX-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MEXICO</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MX" xlink:to="country_MX-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Level3OfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_NL" xlink:label="country_NL" xlink:type="locator"/>
    <link:label xlink:label="country_NL-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NETHERLANDS</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_NL" xlink:to="country_NL-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="ifrs-full_AllLevelsOfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendPayables" xlink:label="ifrs-full_DividendPayables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendPayables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendPayables</link:label>
    <link:label xlink:label="ifrs-full_DividendPayables-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividend payables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendPayables" xlink:to="ifrs-full_DividendPayables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Level2OfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Level1OfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</link:label>
    <link:label xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Effect of exchange rate changes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllOtherSegmentsMember" xlink:label="ifrs-full_AllOtherSegmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AllOtherSegmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All other segments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllOtherSegmentsMember" xlink:to="ifrs-full_AllOtherSegmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill</link:label>
    <link:label xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization charge</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceCosts" xlink:label="ifrs-full_FinanceCosts" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinanceCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinanceCosts</link:label>
    <link:label xlink:label="ifrs-full_FinanceCosts-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Finance Cost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceIncome" xlink:label="ifrs-full_FinanceIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinanceIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Income</link:label>
    <link:label xlink:label="ifrs-full_FinanceIncome-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_FinanceIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossProfit" xlink:label="ifrs-full_GrossProfit" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GrossProfit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross profit</link:label>
    <link:label xlink:label="ifrs-full_GrossProfit-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gross profit</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossProfit" xlink:to="ifrs-full_GrossProfit-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_PT" xlink:label="country_PT" xlink:type="locator"/>
    <link:label xlink:label="country_PT-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PORTUGAL</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PT" xlink:to="country_PT-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ifrs-full_ProfitLossAttributableToAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossAttributableToAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Attributable to:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToAbstract" xlink:to="ifrs-full_ProfitLossAttributableToAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year attributable to owners of the parent</link:label>
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    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_RO" xlink:label="country_RO" xlink:type="locator"/>
    <link:label xlink:label="country_RO-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ROMANIA</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ifrs-full_ProfitLossFromOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossFromOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">IFRS - operating income</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossFromOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProfitLossFromOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossFromOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromOperatingActivities" xlink:to="ifrs-full_ProfitLossFromOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Decrease) increase in cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeStatementAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">(Decrease) increase in cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Receivables from related parties</link:label>
    <link:label xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AmountsReceivableRelatedPartyTransactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsReceivableRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AmountsPayableRelatedPartyTransactions</link:label>
    <link:label xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payables to related parties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsPayableRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestPayable" xlink:label="ifrs-full_InterestPayable" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestPayable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest to be accrued (*)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPayable" xlink:to="ifrs-full_InterestPayable-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestReceivable" xlink:label="ifrs-full_InterestReceivable" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestReceivable</link:label>
    <link:label xlink:label="ifrs-full_InterestReceivable-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest receivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivable" xlink:to="ifrs-full_InterestReceivable-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_US" xlink:label="country_US" xlink:type="locator"/>
    <link:label xlink:label="country_US-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_UY" xlink:label="country_UY" xlink:type="locator"/>
    <link:label xlink:label="country_UY-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">URUGUAY</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_UY" xlink:to="country_UY-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_VE" xlink:label="country_VE" xlink:type="locator"/>
    <link:label xlink:label="country_VE-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">VENEZUELA</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_VE" xlink:to="country_VE-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Charged directly to other comprehensive income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect of currency translation on tax base</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income tax relating to components of other comprehensive income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income tax on items that will not be reclassified</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="ifrs-full_OtherCurrentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherCurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label xlink:label="ifrs-full_OtherCurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label xlink:label="ifrs-full_OtherCurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentLiabilities" xlink:to="ifrs-full_OtherCurrentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of other comprehensive income of non-consolidated companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Equity in losses of non-consolidated companies</link:label>
    <link:label xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity in earnings of non-consolidated companies</link:label>
    <link:label xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:label="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other investments</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other investments - non-current</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remeasurements of post employment benefit obligations of non-consolidated companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="ifrs-full_OtherNoncurrentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherNoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label xlink:label="ifrs-full_OtherNoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherNoncurrentLiabilities</link:label>
    <link:label xlink:label="ifrs-full_OtherNoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_OtherNoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentLiabilities" xlink:to="ifrs-full_OtherNoncurrentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup" xlink:label="ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup" xlink:type="locator"/>
    <link:label xlink:label="ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and bank deposits</link:label>
    <link:label xlink:label="ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash at banks, liquidity funds and short - term investments</link:label>
    <link:label xlink:label="ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value as well as cash and cash equivalents are classified as a part of a disposal group.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup" xlink:to="ts_CashAndCashEquivalentsIncludingThePortionOfCashAndCashEquivalentsThatAreClassifiedAsAPartOfADisposalGroup-label" xlink:type="arc"/>
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    <link:label xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_BasicAndDilutedEarningsLossPerShare</link:label>
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    <link:label xlink:label="ifrs-full_OtherLongtermBenefits-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee retention and long term incentive program</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentPrepayments" xlink:label="ifrs-full_NoncurrentPrepayments" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentPrepayments-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Legal deposits</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="ifrs-full_EmployeeBenefitsExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EmployeeBenefitsExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_EmployeeBenefitsExpense</link:label>
    <link:label xlink:label="ifrs-full_EmployeeBenefitsExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EmployeeBenefitsExpense" xlink:to="ifrs-full_EmployeeBenefitsExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined contribution plans</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ShorttermEmployeeBenefitsExpense</link:label>
    <link:label xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Wages, salaries and social security costs</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherNoncurrentReceivables" xlink:label="ifrs-full_OtherNoncurrentReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherNoncurrentReceivables-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
    <link:label xlink:label="ifrs-full_OtherNoncurrentReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherNoncurrentReceivables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentReceivables" xlink:to="ifrs-full_OtherNoncurrentReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TerminationBenefitsExpense" xlink:label="ifrs-full_TerminationBenefitsExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TerminationBenefitsExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Severance indemnities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TerminationBenefitsExpense" xlink:to="ifrs-full_TerminationBenefitsExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans</link:label>
    <link:label xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension benefits - defined benefit plans</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:label="ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentReceivablesDueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Receivables from related parties</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentReceivablesDueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NoncurrentReceivablesDueFromRelatedParties</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:type="locator"/>
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    <link:label xlink:label="ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares</link:label>
    <link:label xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dilutive effect of share options on number of ordinary shares</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax</link:label>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax</link:label>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
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    <link:label xlink:label="ifrs-full_OtherReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables C and NC</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReceivables" xlink:to="ifrs-full_OtherReceivables-label" xlink:type="arc"/>
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    <link:label xlink:label="ifrs-full_NumberOfEmployees-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of employees</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfEmployees" xlink:to="ifrs-full_NumberOfEmployees-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:label="ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:type="locator"/>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:type="locator"/>
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    <link:label xlink:label="ifrs-full_StatementOfCashFlowsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract-label" xlink:type="arc"/>
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    <link:label xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="ifrs-full_StatementOfComprehensiveIncomeAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_StatementOfChangesInEquityAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="ifrs-full_StatementOfChangesInEquityAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Liabilities with related parties</link:label>
    <link:label xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_SellingGeneralAndAdministrativeExpense</link:label>
    <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Selling, general and administrative expenses</link:label>
    <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Selling, general and administrative expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:to="ifrs-full_SellingGeneralAndAdministrativeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_MiscellaneousOtherOperatingIncome</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherOperatingIncome" xlink:to="ifrs-full_MiscellaneousOtherOperatingIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="ifrs-full_OtherOperatingIncomeExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherOperatingIncomeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income and expenses for the year ended December 31, 2017</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherOperatingIncomeExpense" xlink:to="ifrs-full_OtherOperatingIncomeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_MiscellaneousOtherOperatingExpense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="ifrs-full_MiscellaneousOtherOperatingExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:label="ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables from related parties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:to="ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfRisksMember" xlink:label="ifrs-full_TypesOfRisksMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfRisksMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksMember" xlink:to="ifrs-full_TypesOfRisksMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfRisksAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceIncomeCost" xlink:label="ifrs-full_FinanceIncomeCost" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinanceIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial income (expense), net</link:label>
    <link:label xlink:label="ifrs-full_FinanceIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinanceIncomeCost</link:label>
    <link:label xlink:label="ifrs-full_FinanceIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncomeCost" xlink:to="ifrs-full_FinanceIncomeCost-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherFinanceIncomeCost" xlink:label="ifrs-full_OtherFinanceIncomeCost" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherFinanceIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other financial results</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinanceIncomeCost" xlink:to="ifrs-full_OtherFinanceIncomeCost-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsClassifiedAsExpense" xlink:label="ifrs-full_DividendsClassifiedAsExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsClassifiedAsExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsClassifiedAsExpense</link:label>
    <link:label xlink:label="ifrs-full_DividendsClassifiedAsExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends approved</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsClassifiedAsExpense" xlink:to="ifrs-full_DividendsClassifiedAsExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="ifrs-full_ResearchAndDevelopmentExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ResearchAndDevelopmentExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ResearchAndDevelopmentExpense</link:label>
    <link:label xlink:label="ifrs-full_ResearchAndDevelopmentExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Research and development expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ResearchAndDevelopmentExpense" xlink:to="ifrs-full_ResearchAndDevelopmentExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income from discontinued operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:to="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment" xlink:label="ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loss on fixed assets and material supplies disposed / scrapped</link:label>
    <link:label xlink:label="ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment" xlink:to="ifrs-full_LossesOnDisposalsOfPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of borrowings [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfBorrowingsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Revenue-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
    <link:label xlink:label="ifrs-full_Revenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net sales</link:label>
    <link:label xlink:label="ifrs-full_Revenue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IFRS - Net Sales</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PercentageOfVotingEquityInterestsAcquired</link:label>
    <link:label xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RevenueFromInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromConstructionContracts" xlink:label="ifrs-full_RevenueFromConstructionContracts" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RevenueFromConstructionContracts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RevenueFromConstructionContracts</link:label>
    <link:label xlink:label="ifrs-full_RevenueFromConstructionContracts-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from construction contracts</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromConstructionContracts" xlink:to="ifrs-full_RevenueFromConstructionContracts-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of business combinations [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfCashFlowStatementExplanatory" xlink:label="ifrs-full_DisclosureOfCashFlowStatementExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfCashFlowStatementExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of cash flow statement [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCashFlowStatementExplanatory" xlink:to="ifrs-full_DisclosureOfCashFlowStatementExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AnnouncingOrCommencingImplementationOfMajorRestructuringMember" xlink:label="ifrs-full_AnnouncingOrCommencingImplementationOfMajorRestructuringMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AnnouncingOrCommencingImplementationOfMajorRestructuringMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Announcing or commencing implementation of major restructuring [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AnnouncingOrCommencingImplementationOfMajorRestructuringMember" xlink:to="ifrs-full_AnnouncingOrCommencingImplementationOfMajorRestructuringMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ApplicableTaxRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ApplicableTaxRate</link:label>
    <link:label xlink:label="ifrs-full_ApplicableTaxRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Applicable tax rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ParValuePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nominal value (in dollars per share)</link:label>
    <link:label xlink:label="ifrs-full_ParValuePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Par value per share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="ifrs-full_NumberOfSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NumberOfSharesOutstanding</link:label>
    <link:label xlink:label="ifrs-full_NumberOfSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares outstanding at end of period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="ifrs-full_NumberOfSharesIssued" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfSharesIssued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares issued (in shares)</link:label>
    <link:label xlink:label="ifrs-full_NumberOfSharesIssued-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total number of shares issued</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfSharesAuthorised" xlink:label="ifrs-full_NumberOfSharesAuthorised" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfSharesAuthorised-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Authorized share capital (in shares)</link:label>
    <link:label xlink:label="ifrs-full_NumberOfSharesAuthorised-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares authorised</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesAuthorised" xlink:to="ifrs-full_NumberOfSharesAuthorised-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label xlink:label="ifrs-full_DeferredTaxAssets-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets to be recovered after 12 months</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investments in non-consolidated companies</link:label>
    <link:label xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Value</link:label>
    <link:label xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total investments in subsidiaries, joint ventures and associates</link:label>
    <link:label xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets of disposal group classified as held for sale</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets of disposal group classified as held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Goodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label xlink:label="ifrs-full_Goodwill-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill at end of period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_Equity</link:label>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity</link:label>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssets" xlink:label="ifrs-full_CurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, net</link:label>
    <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">End of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Inventories" xlink:label="ifrs-full_Inventories" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Inventories-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories, net</link:label>
    <link:label xlink:label="ifrs-full_Inventories-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total current inventories</link:label>
    <link:label xlink:label="ifrs-full_Inventories-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Inventories" xlink:to="ifrs-full_Inventories-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="ifrs-full_CurrentAssetsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentAssetsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsAbstract" xlink:to="ifrs-full_CurrentAssetsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="ifrs-full_CurrentTaxAssetsCurrent" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentTaxAssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax assets</link:label>
    <link:label xlink:label="ifrs-full_CurrentTaxAssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxAssetsCurrent" xlink:to="ifrs-full_CurrentTaxAssetsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssets" xlink:label="ifrs-full_NoncurrentAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentReceivables" xlink:label="ifrs-full_NoncurrentReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentReceivables-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total trade and other non-current receivables</link:label>
    <link:label xlink:label="ifrs-full_NoncurrentReceivables-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentReceivables" xlink:to="ifrs-full_NoncurrentReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:label="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished</link:label>
    <link:label xlink:label="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of investments in associates for which there are quoted market prices</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:to="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="ifrs-full_NoncurrentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="ifrs-full_NoncurrentAssetsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncurrentAssetsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsAbstract" xlink:to="ifrs-full_NoncurrentAssetsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Result for discontinued operations</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Income for discontinued operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ifrs-full_ProfitLossFromContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProfitLossFromContinuingOperations</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossFromContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income (loss) for continuing operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromContinuingOperations" xlink:to="ifrs-full_ProfitLossFromContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AssetsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProportionOfVotingPowerHeldInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProportionOfVotingPowerHeldInAssociate</link:label>
    <link:label xlink:label="ifrs-full_ProportionOfVotingPowerHeldInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of voting rights held in associate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:to="ifrs-full_ProportionOfVotingPowerHeldInAssociate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of ownership</link:label>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in associate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="ifrs-full_ProportionOfOwnershipInterestInAssociate-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForAssociatesMember" xlink:label="ifrs-full_EntitysTotalForAssociatesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EntitysTotalForAssociatesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for associates [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForAssociatesMember" xlink:to="ifrs-full_EntitysTotalForAssociatesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilities" xlink:label="ifrs-full_CurrentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssociatesMember" xlink:label="ifrs-full_AssociatesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AssociatesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssociatesMember" xlink:to="ifrs-full_AssociatesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemuneration" xlink:label="ifrs-full_AuditorsRemuneration" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AuditorsRemuneration-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AuditorsRemuneration</link:label>
    <link:label xlink:label="ifrs-full_AuditorsRemuneration-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AuditorsRemuneration" xlink:to="ifrs-full_AuditorsRemuneration-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Percentage of ownership</link:label>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</link:label>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemunerationForAuditServices" xlink:label="ifrs-full_AuditorsRemunerationForAuditServices" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AuditorsRemunerationForAuditServices-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit fees</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AuditorsRemunerationForAuditServices" xlink:to="ifrs-full_AuditorsRemunerationForAuditServices-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemunerationForOtherServices" xlink:label="ifrs-full_AuditorsRemunerationForOtherServices" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AuditorsRemunerationForOtherServices-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All other fees</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AuditorsRemunerationForOtherServices" xlink:to="ifrs-full_AuditorsRemunerationForOtherServices-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemunerationForTaxServices" xlink:label="ifrs-full_AuditorsRemunerationForTaxServices" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AuditorsRemunerationForTaxServices-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax fees</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AuditorsRemunerationForTaxServices" xlink:to="ifrs-full_AuditorsRemunerationForTaxServices-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for subsidiaries [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="ifrs-full_EntitysTotalForSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in value of available for sale financial instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_EstimatedFinancialEffectOfContingentLiabilities</link:label>
    <link:label xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:to="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BankAcceptanceLiabilities" xlink:label="ifrs-full_BankAcceptanceLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BankAcceptanceLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_BankAcceptanceLiabilities</link:label>
    <link:label xlink:label="ifrs-full_BankAcceptanceLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank acceptance liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankAcceptanceLiabilities" xlink:to="ifrs-full_BankAcceptanceLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BalancesWithBanks" xlink:label="ifrs-full_BalancesWithBanks" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BalancesWithBanks-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash at banks</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesWithBanks" xlink:to="ifrs-full_BalancesWithBanks-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BankOverdraftsClassifiedAsCashEquivalents" xlink:label="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_BankOverdraftsClassifiedAsCashEquivalents</link:label>
    <link:label xlink:label="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Bank overdrafts</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents" xlink:to="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" xlink:label="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" xlink:type="locator"/>
    <link:label xlink:label="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Receivables and prepayments and Current tax assets</link:label>
    <link:label xlink:label="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets</link:label>
    <link:label xlink:label="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in receivables and prepayments and current tax assets to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" xlink:to="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock" xlink:label="ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about cash flow disclosures [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about cash flow disclosures.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock" xlink:to="ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncomeTaxesAccrued" xlink:label="ts_IncomeTaxesAccrued" xlink:type="locator"/>
    <link:label xlink:label="ts_IncomeTaxesAccrued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_IncomeTaxesAccrued</link:label>
    <link:label xlink:label="ts_IncomeTaxesAccrued-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_IncomeTaxesAccrued-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income taxes accrued.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncomeTaxesAccrued" xlink:to="ts_IncomeTaxesAccrued-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_InterestAccrualsLessPaymentsNetAbstract" xlink:label="ts_InterestAccrualsLessPaymentsNetAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_InterestAccrualsLessPaymentsNetAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest accruals less payments, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_InterestAccrualsLessPaymentsNetAbstract" xlink:to="ts_InterestAccrualsLessPaymentsNetAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfCostOfSalesExplanatory" xlink:label="ifrs-full_DisclosureOfCostOfSalesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfCostOfSalesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of cost of sales [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCostOfSalesExplanatory" xlink:to="ifrs-full_DisclosureOfCostOfSalesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncomeTaxAccrualsLessPaymentsAbstract" xlink:label="ts_IncomeTaxAccrualsLessPaymentsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_IncomeTaxAccrualsLessPaymentsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax accruals less payments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncomeTaxAccrualsLessPaymentsAbstract" xlink:to="ts_IncomeTaxAccrualsLessPaymentsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastDueStatusAxis" xlink:label="ifrs-full_PastDueStatusAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PastDueStatusAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past due status [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusAxis" xlink:to="ifrs-full_PastDueStatusAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost" xlink:label="ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial income (cost) [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about financial income (cost). [Refer: Finance income (cost)]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost" xlink:to="ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastDueStatusMember" xlink:label="ifrs-full_PastDueStatusMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PastDueStatusMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past due status [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusMember" xlink:to="ifrs-full_PastDueStatusMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SanFaustinSaMember" xlink:label="ts_SanFaustinSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SanFaustinSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">San Faustin S.A. [member]</link:label>
    <link:label xlink:label="ts_SanFaustinSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents San Faustin S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SanFaustinSaMember" xlink:to="ts_SanFaustinSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:label="ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:type="locator"/>
    <link:label xlink:label="ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net result on changes in FV of financial assets at FVTPL</link:label>
    <link:label xlink:label="ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the net financial income on changes in fair value of financial assets at fair value through profit os loss.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:to="ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UnitsIssuedRelatedPartyTransactions" xlink:label="ts_UnitsIssuedRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ts_UnitsIssuedRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_UnitsIssuedRelatedPartyTransactions</link:label>
    <link:label xlink:label="ts_UnitsIssuedRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Units issued, related party transactions</link:label>
    <link:label xlink:label="ts_UnitsIssuedRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of units issued in a related party transaction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UnitsIssuedRelatedPartyTransactions" xlink:to="ts_UnitsIssuedRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_RevenueRelatedPartyTransactions" xlink:label="ts_RevenueRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ts_RevenueRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_RevenueRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_RevenueRelatedPartyTransactions</link:label>
    <link:label xlink:label="ts_RevenueRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of revenue arising from related party transactions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_RevenueRelatedPartyTransactions" xlink:to="ts_RevenueRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Borrowings" xlink:label="ifrs-full_Borrowings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Borrowings-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Significant borrowings as of Closing Date</link:label>
    <link:label xlink:label="ifrs-full_Borrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings C and NC</link:label>
    <link:label xlink:label="ifrs-full_Borrowings-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total borrowings</link:label>
    <link:label xlink:label="ifrs-full_Borrowings-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Borrowings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Borrowings" xlink:to="ifrs-full_Borrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings</link:label>
    <link:label xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year, current</link:label>
    <link:label xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year, current</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AmountsReceivablePayableRelatedPartyTransactions" xlink:label="ts_AmountsReceivablePayableRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ts_AmountsReceivablePayableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_AmountsReceivablePayableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_AmountsReceivablePayableRelatedPartyTransactions</link:label>
    <link:label xlink:label="ts_AmountsReceivablePayableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amounts receivable (payable) resulting from related party transactions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AmountsReceivablePayableRelatedPartyTransactions" xlink:to="ts_AmountsReceivablePayableRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:label="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions</link:label>
    <link:label xlink:label="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of purchases of goods and services in related party transactions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:to="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinanceIncomeCostContinuingOperations" xlink:label="ts_FinanceIncomeCostContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_FinanceIncomeCostContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_FinanceIncomeCostContinuingOperations</link:label>
    <link:label xlink:label="ts_FinanceIncomeCostContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net financial results</link:label>
    <link:label xlink:label="ts_FinanceIncomeCostContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income or cost associated with interest and other financing activities of the entity attributable to continuing operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinanceIncomeCostContinuingOperations" xlink:to="ts_FinanceIncomeCostContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinitelivedIntangibleAssetUsefulLife" xlink:label="ts_FinitelivedIntangibleAssetUsefulLife" xlink:type="locator"/>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_FinitelivedIntangibleAssetUsefulLife</link:label>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-lived intangible asset, useful life</link:label>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the useful life of finite-lived intangible assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinitelivedIntangibleAssetUsefulLife" xlink:to="ts_FinitelivedIntangibleAssetUsefulLife-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LongtermBorrowings" xlink:label="ifrs-full_LongtermBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_LongtermBorrowings</link:label>
    <link:label xlink:label="ifrs-full_LongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings</link:label>
    <link:label xlink:label="ifrs-full_LongtermBorrowings-label" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_LongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year, noncurrent</link:label>
    <link:label xlink:label="ifrs-full_LongtermBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year, noncurrent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermBorrowings" xlink:to="ifrs-full_LongtermBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherFinancialIncomeCost" xlink:label="ts_OtherFinancialIncomeCost" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherFinancialIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_OtherFinancialIncomeCost</link:label>
    <link:label xlink:label="ts_OtherFinancialIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other financial results</link:label>
    <link:label xlink:label="ts_OtherFinancialIncomeCost-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other income (cost) associated with interest and other financing activities of the entity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherFinancialIncomeCost" xlink:to="ts_OtherFinancialIncomeCost-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="ifrs-full_BorrowingsByNameMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsByNameMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameMember" xlink:to="ifrs-full_BorrowingsByNameMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_OtherForeignExchangeResults" xlink:label="ts_OtherForeignExchangeResults" xlink:type="locator"/>
    <link:label xlink:label="ts_OtherForeignExchangeResults-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="ts_OtherForeignExchangeResults-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income or cost associated with foreign exchange.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_OtherForeignExchangeResults" xlink:to="ts_OtherForeignExchangeResults-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:label="ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:type="locator"/>
    <link:label xlink:label="ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Licenses, patents, trademarks, and proprietary technology [member]</link:label>
    <link:label xlink:label="ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to licenses, patents, trademarks, and proprietary technology.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:to="ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="ifrs-full_BorrowingsByNameAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsByNameAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ForeignExchangeDerivativesContractsResults" xlink:label="ts_ForeignExchangeDerivativesContractsResults" xlink:type="locator"/>
    <link:label xlink:label="ts_ForeignExchangeDerivativesContractsResults-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange derivatives contracts results (**)</link:label>
    <link:label xlink:label="ts_ForeignExchangeDerivativesContractsResults-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income or cost associated with foreign exchange derivatives contracts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ForeignExchangeDerivativesContractsResults" xlink:to="ts_ForeignExchangeDerivativesContractsResults-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NetForeignExchangeTransactionResults" xlink:label="ts_NetForeignExchangeTransactionResults" xlink:type="locator"/>
    <link:label xlink:label="ts_NetForeignExchangeTransactionResults-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net foreign exchange transactions results (*)</link:label>
    <link:label xlink:label="ts_NetForeignExchangeTransactionResults-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of net income or cost associated with foreign exchange transactions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NetForeignExchangeTransactionResults" xlink:to="ts_NetForeignExchangeTransactionResults-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_HydrilCompanyAndSubsidiariesMember" xlink:label="ts_HydrilCompanyAndSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_HydrilCompanyAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HYDRIL COMPANY and subsidiaries [member]</link:label>
    <link:label xlink:label="ts_HydrilCompanyAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity HYDRIL COMPANY and subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_HydrilCompanyAndSubsidiariesMember" xlink:to="ts_HydrilCompanyAndSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:label="ts_TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TechnicalDrillingProductionServicesNigeriaLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Technical Drilling &amp; Production Services Nigeria. Ltd [member]</link:label>
    <link:label xlink:label="ts_TechnicalDrillingProductionServicesNigeriaLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Technical Drilling &amp; Production Services Nigeria. Ltd.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:to="ts_TechnicalDrillingProductionServicesNigeriaLtdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="ifrs-full_BorrowingsInterestRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total borrowings, weighted average interest rates</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TubularTechnicalServicesAndPipeCoatersMember" xlink:label="ts_TubularTechnicalServicesAndPipeCoatersMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TubularTechnicalServicesAndPipeCoatersMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tubular Technical Services and Pipe Coaters [member]</link:label>
    <link:label xlink:label="ts_TubularTechnicalServicesAndPipeCoatersMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Tubular Technical Services and Pipe Coaters.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TubularTechnicalServicesAndPipeCoatersMember" xlink:to="ts_TubularTechnicalServicesAndPipeCoatersMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BottomOfRangeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AmajaTubularServicesLimitedMember" xlink:label="ts_AmajaTubularServicesLimitedMember" xlink:type="locator"/>
    <link:label xlink:label="ts_AmajaTubularServicesLimitedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amaja Tubular Services Limited [member]</link:label>
    <link:label xlink:label="ts_AmajaTubularServicesLimitedMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Amaja Tubular Services Limited.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AmajaTubularServicesLimitedMember" xlink:to="ts_AmajaTubularServicesLimitedMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisSupplyChainSaMember" xlink:label="ts_TenarisSupplyChainSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisSupplyChainSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tenaris Supply Chain S.A. [member]</link:label>
    <link:label xlink:label="ts_TenarisSupplyChainSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Tenaris Supply Chain S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisSupplyChainSaMember" xlink:to="ts_TenarisSupplyChainSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_GepnarisSaMember" xlink:label="ts_GepnarisSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_GepnarisSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gepnaris S.A. [member]</link:label>
    <link:label xlink:label="ts_GepnarisSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity Gepnaris S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_GepnarisSaMember" xlink:to="ts_GepnarisSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for business combinations [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="ifrs-full_EntitysTotalForBusinessCombinationsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinitelivedIntangibleAssetResidualValue" xlink:label="ts_FinitelivedIntangibleAssetResidualValue" xlink:type="locator"/>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetResidualValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_FinitelivedIntangibleAssetResidualValue</link:label>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetResidualValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-lived intangible asset, residual value</link:label>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetResidualValue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the aggregate expected value at the end of their useful life of a finite-lived intangible asset.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinitelivedIntangibleAssetResidualValue" xlink:to="ts_FinitelivedIntangibleAssetResidualValue-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BusinessCombinationsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ConfabIndustrialSaAndSubsidiariesMember" xlink:label="ts_ConfabIndustrialSaAndSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ConfabIndustrialSaAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CONFAB INDUSTRIAL S.A. and subsidiaries [member]</link:label>
    <link:label xlink:label="ts_ConfabIndustrialSaAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity CONFAB INDUSTRIAL S.A. and subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ConfabIndustrialSaAndSubsidiariesMember" xlink:to="ts_ConfabIndustrialSaAndSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfDetailedInformationAboutEquityMethodInvestments" xlink:label="ts_DisclosureOfDetailedInformationAboutEquityMethodInvestments" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutEquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about equity method investments [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfDetailedInformationAboutEquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about equity method investments. [Refer: Investments other than investments accounted for using equity method]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfDetailedInformationAboutEquityMethodInvestments" xlink:to="ts_DisclosureOfDetailedInformationAboutEquityMethodInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_AlgomaTubesIncMember" xlink:label="ts_AlgomaTubesIncMember" xlink:type="locator"/>
    <link:label xlink:label="ts_AlgomaTubesIncMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ALGOMA TUBES INC. [member]</link:label>
    <link:label xlink:label="ts_AlgomaTubesIncMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity ALGOMA TUBES INC.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_AlgomaTubesIncMember" xlink:to="ts_AlgomaTubesIncMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DalmineSpaMember" xlink:label="ts_DalmineSpaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_DalmineSpaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DALMINE S.p.A. [member]</link:label>
    <link:label xlink:label="ts_DalmineSpaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity DALMINE S.p.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DalmineSpaMember" xlink:to="ts_DalmineSpaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SidercaSaicAndSubsidiariesMember" xlink:label="ts_SidercaSaicAndSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SidercaSaicAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SIDERCA S.A.I.C. and subsidiaries [member]</link:label>
    <link:label xlink:label="ts_SidercaSaicAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity SIDERCA S.A.I.C. and subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SidercaSaicAndSubsidiariesMember" xlink:to="ts_SidercaSaicAndSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_FinitelivedIntangibleAssetResidualUsefulLife" xlink:label="ts_FinitelivedIntangibleAssetResidualUsefulLife" xlink:type="locator"/>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetResidualUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_FinitelivedIntangibleAssetResidualUsefulLife</link:label>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetResidualUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-lived intangible asset, residual useful life</link:label>
    <link:label xlink:label="ts_FinitelivedIntangibleAssetResidualUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the residual useful life of a finite-lived intangible asset.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_FinitelivedIntangibleAssetResidualUsefulLife" xlink:to="ts_FinitelivedIntangibleAssetResidualUsefulLife-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SiatSociedadAnonimaMember" xlink:label="ts_SiatSociedadAnonimaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_SiatSociedadAnonimaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SIAT SOCIEDAD ANONIMA [member]</link:label>
    <link:label xlink:label="ts_SiatSociedadAnonimaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity SIAT SOCIEDAD ANONIMA.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SiatSociedadAnonimaMember" xlink:to="ts_SiatSociedadAnonimaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_MaverickTubeCorporationAndSubsidiariesMember" xlink:label="ts_MaverickTubeCorporationAndSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_MaverickTubeCorporationAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MAVERICK TUBE CORPORATION and subsidiaries [member]</link:label>
    <link:label xlink:label="ts_MaverickTubeCorporationAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity MAVERICK TUBE CORPORATION and subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_MaverickTubeCorporationAndSubsidiariesMember" xlink:to="ts_MaverickTubeCorporationAndSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NkktubesMember" xlink:label="ts_NkktubesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_NkktubesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NKKTUBES [member]</link:label>
    <link:label xlink:label="ts_NkktubesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity NKKTUBES.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NkktubesMember" xlink:to="ts_NkktubesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:label="ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TALTA&#8212;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. [member]</link:label>
    <link:label xlink:label="ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TALTA&#8212;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:to="ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TubosDeAceroDeMexicoSaMember" xlink:label="ts_TubosDeAceroDeMexicoSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TubosDeAceroDeMexicoSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TUBOS DE ACERO DE MEXICO S.A. [member]</link:label>
    <link:label xlink:label="ts_TubosDeAceroDeMexicoSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TUBOS DE ACERO DE MEXICO S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TubosDeAceroDeMexicoSaMember" xlink:to="ts_TubosDeAceroDeMexicoSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ScSilcotubSaMember" xlink:label="ts_ScSilcotubSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_ScSilcotubSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">S.C. SILCOTUB S.A. [member]</link:label>
    <link:label xlink:label="ts_ScSilcotubSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity S.C. SILCOTUB S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ScSilcotubSaMember" xlink:to="ts_ScSilcotubSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="ifrs-full_GrossCarryingAmountMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GrossCarryingAmountMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PtSeamlessPipeIndonesiaJayaMember" xlink:label="ts_PtSeamlessPipeIndonesiaJayaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_PtSeamlessPipeIndonesiaJayaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PT SEAMLESS PIPE INDONESIA JAYA [member]</link:label>
    <link:label xlink:label="ts_PtSeamlessPipeIndonesiaJayaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity PT SEAMLESS PIPE INDONESIA JAYA.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PtSeamlessPipeIndonesiaJayaMember" xlink:to="ts_PtSeamlessPipeIndonesiaJayaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountMember" xlink:label="ifrs-full_CarryingAmountMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CarryingAmountMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountMember" xlink:to="ifrs-full_CarryingAmountMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisInvestmentsSrlMember" xlink:label="ts_TenarisInvestmentsSrlMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisInvestmentsSrlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS INVESTMENTS S.&#224;r.l. [member]</link:label>
    <link:label xlink:label="ts_TenarisInvestmentsSrlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS INVESTMENTS S.&#224;r.l.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisInvestmentsSrlMember" xlink:to="ts_TenarisInvestmentsSrlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:label="ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS INVESTMENTS SWITZERLAND AG and subsidiaries [member]</link:label>
    <link:label xlink:label="ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS INVESTMENTS SWITZERLAND AG and subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:to="ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisBayCityIncMember" xlink:label="ts_TenarisBayCityIncMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisBayCityIncMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS BAY CITY, INC. [member]</link:label>
    <link:label xlink:label="ts_TenarisBayCityIncMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS BAY CITY, INC.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisBayCityIncMember" xlink:to="ts_TenarisBayCityIncMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisGlobalServicesCanadaIncMember" xlink:label="ts_TenarisGlobalServicesCanadaIncMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisGlobalServicesCanadaIncMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS GLOBAL SERVICES (CANADA) INC. [member]</link:label>
    <link:label xlink:label="ts_TenarisGlobalServicesCanadaIncMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS GLOBAL SERVICES (CANADA) INC.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisGlobalServicesCanadaIncMember" xlink:to="ts_TenarisGlobalServicesCanadaIncMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisFinancialServicesSaMember" xlink:label="ts_TenarisFinancialServicesSaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisFinancialServicesSaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS FINANCIAL SERVICES S.A. [member]</link:label>
    <link:label xlink:label="ts_TenarisFinancialServicesSaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS FINANCIAL SERVICES S.A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisFinancialServicesSaMember" xlink:to="ts_TenarisFinancialServicesSaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisGlobalServicesSaAndSubsidiariesMember" xlink:label="ts_TenarisGlobalServicesSaAndSubsidiariesMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisGlobalServicesSaAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS GLOBAL SERVICES S.A. and subsidiaries [member]</link:label>
    <link:label xlink:label="ts_TenarisGlobalServicesSaAndSubsidiariesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS GLOBAL SERVICES S.A. and subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisGlobalServicesSaAndSubsidiariesMember" xlink:to="ts_TenarisGlobalServicesSaAndSubsidiariesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisGlobalServicesUkLtdMember" xlink:label="ts_TenarisGlobalServicesUkLtdMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisGlobalServicesUkLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS GLOBAL SERVICES (UK) LTD [member]</link:label>
    <link:label xlink:label="ts_TenarisGlobalServicesUkLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS GLOBAL SERVICES (UK) LTD.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisGlobalServicesUkLtdMember" xlink:to="ts_TenarisGlobalServicesUkLtdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:label="ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashAdvancesAndLoansMadeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashAdvancesAndLoansMadeToRelatedParties</link:label>
    <link:label xlink:label="ifrs-full_CashAdvancesAndLoansMadeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash advances and loans made to related parties</link:label>
    <link:label xlink:label="ifrs-full_CashAdvancesAndLoansMadeToRelatedParties-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loan to non-consolidated companies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:to="ifrs-full_CashAdvancesAndLoansMadeToRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisGlobalServicesUsaCorporationMember" xlink:label="ts_TenarisGlobalServicesUsaCorporationMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisGlobalServicesUsaCorporationMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION [member]</link:label>
    <link:label xlink:label="ts_TenarisGlobalServicesUsaCorporationMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisGlobalServicesUsaCorporationMember" xlink:to="ts_TenarisGlobalServicesUsaCorporationMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short &#8211; term investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:to="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:label="ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:type="locator"/>
    <link:label xlink:label="ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From non-consolidated companies</link:label>
    <link:label xlink:label="ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income (loss) from equity method investments in non-consolidated companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:to="ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:label="ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity funds</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:to="ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_TenarisTubocaribeLtdaMember" xlink:label="ts_TenarisTubocaribeLtdaMember" xlink:type="locator"/>
    <link:label xlink:label="ts_TenarisTubocaribeLtdaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TENARIS TUBOCARIBE LTDA. [member]</link:label>
    <link:label xlink:label="ts_TenarisTubocaribeLtdaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity TENARIS TUBOCARIBE LTDA.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_TenarisTubocaribeLtdaMember" xlink:to="ts_TenarisTubocaribeLtdaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EmployeeBenefitsUnitVestingPeriod" xlink:label="ts_EmployeeBenefitsUnitVestingPeriod" xlink:type="locator"/>
    <link:label xlink:label="ts_EmployeeBenefitsUnitVestingPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EmployeeBenefitsUnitVestingPeriod</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsUnitVestingPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits, unit vesting period</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsUnitVestingPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the period that units under an employee retention and long term incentive program vest ratably.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EmployeeBenefitsUnitVestingPeriod" xlink:to="ts_EmployeeBenefitsUnitVestingPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EmployeeBenefitsCompanyRedemtpionPeriod" xlink:label="ts_EmployeeBenefitsCompanyRedemtpionPeriod" xlink:type="locator"/>
    <link:label xlink:label="ts_EmployeeBenefitsCompanyRedemtpionPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EmployeeBenefitsCompanyRedemtpionPeriod</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsCompanyRedemtpionPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits, company redemtpion period</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsCompanyRedemtpionPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the period at which the company will redeem units granted under the employee retention and long term inventive program.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EmployeeBenefitsCompanyRedemtpionPeriod" xlink:to="ts_EmployeeBenefitsCompanyRedemtpionPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:label="ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash at the beginning</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash at the end</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale" xlink:to="ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:label="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:type="locator"/>
    <link:label xlink:label="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies</link:label>
    <link:label xlink:label="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment loss on equity method investment in non-consolidated companies</link:label>
    <link:label xlink:label="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Impairment loss on non-consolidated companies (see Note 12)</link:label>
    <link:label xlink:label="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of impairment loss on equity method investment in non-consolidated companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:to="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NumberOfVotesPerShare" xlink:label="ts_NumberOfVotesPerShare" xlink:type="locator"/>
    <link:label xlink:label="ts_NumberOfVotesPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NumberOfVotesPerShare</link:label>
    <link:label xlink:label="ts_NumberOfVotesPerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of votes, per share</link:label>
    <link:label xlink:label="ts_NumberOfVotesPerShare-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of votes given to each share of stock.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NumberOfVotesPerShare" xlink:to="ts_NumberOfVotesPerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of deferred taxes [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:to="ifrs-full_DisclosureOfDeferredTaxesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsAbstract" xlink:to="ifrs-full_CashAndCashEquivalentsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_WeldedPipeAssetsMember" xlink:label="ts_WeldedPipeAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ts_WeldedPipeAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Welded pipe assets [member]</link:label>
    <link:label xlink:label="ts_WeldedPipeAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents welded pipe assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_WeldedPipeAssetsMember" xlink:to="ts_WeldedPipeAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan</link:label>
    <link:label xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EmployeeBenefitsEarlyRedemptionPeriod" xlink:label="ts_EmployeeBenefitsEarlyRedemptionPeriod" xlink:type="locator"/>
    <link:label xlink:label="ts_EmployeeBenefitsEarlyRedemptionPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_EmployeeBenefitsEarlyRedemptionPeriod</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsEarlyRedemptionPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits, early redemption period</link:label>
    <link:label xlink:label="ts_EmployeeBenefitsEarlyRedemptionPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the period that the company may exercise an option to for early redemption of units granted under the employee retention and long term incentive program.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EmployeeBenefitsEarlyRedemptionPeriod" xlink:to="ts_EmployeeBenefitsEarlyRedemptionPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At December 31,</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SurplusDeficitInPlan" xlink:label="ifrs-full_SurplusDeficitInPlan" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SurplusDeficitInPlan-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_SurplusDeficitInPlan</link:label>
    <link:label xlink:label="ifrs-full_SurplusDeficitInPlan-label" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Liability (*)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SurplusDeficitInPlan" xlink:to="ifrs-full_SurplusDeficitInPlan-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in value of cash flow hedges</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PlanAssetsAtFairValue" xlink:label="ifrs-full_PlanAssetsAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PlanAssetsAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PlanAssetsAtFairValue</link:label>
    <link:label xlink:label="ifrs-full_PlanAssetsAtFairValue-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fair value of plan assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PlanAssetsAtFairValue" xlink:to="ifrs-full_PlanAssetsAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_RevenueFromConstructionContractsPercentageOfTotalSales" xlink:label="ts_RevenueFromConstructionContractsPercentageOfTotalSales" xlink:type="locator"/>
    <link:label xlink:label="ts_RevenueFromConstructionContractsPercentageOfTotalSales-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_RevenueFromConstructionContractsPercentageOfTotalSales</link:label>
    <link:label xlink:label="ts_RevenueFromConstructionContractsPercentageOfTotalSales-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from construction contracts, percentage of total sales</link:label>
    <link:label xlink:label="ts_RevenueFromConstructionContractsPercentageOfTotalSales-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the percentage of total sales that is made up from construction contracts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_RevenueFromConstructionContractsPercentageOfTotalSales" xlink:to="ts_RevenueFromConstructionContractsPercentageOfTotalSales-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" xlink:label="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption</link:label>
    <link:label xlink:label="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in actuarial assumption</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_PercentageOfTotalSalesBillAndHoldArrangements" xlink:label="ts_PercentageOfTotalSalesBillAndHoldArrangements" xlink:type="locator"/>
    <link:label xlink:label="ts_PercentageOfTotalSalesBillAndHoldArrangements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_PercentageOfTotalSalesBillAndHoldArrangements</link:label>
    <link:label xlink:label="ts_PercentageOfTotalSalesBillAndHoldArrangements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of total sales, bill and hold arrangements</link:label>
    <link:label xlink:label="ts_PercentageOfTotalSalesBillAndHoldArrangements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the percentage of total sales that is generated by bill and hold arrangements. A bill and hold arrangement is a form of sale where a seller of a good bills a customer for products but does not ship the product until a later date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_PercentageOfTotalSalesBillAndHoldArrangements" xlink:to="ts_PercentageOfTotalSalesBillAndHoldArrangements-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_CarryingValueOfUnitsGranted" xlink:label="ts_CarryingValueOfUnitsGranted" xlink:type="locator"/>
    <link:label xlink:label="ts_CarryingValueOfUnitsGranted-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_CarryingValueOfUnitsGranted</link:label>
    <link:label xlink:label="ts_CarryingValueOfUnitsGranted-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying value of units granted</link:label>
    <link:label xlink:label="ts_CarryingValueOfUnitsGranted-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the carrying value of units granted to date under the employee retention and long term incentive program.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_CarryingValueOfUnitsGranted" xlink:to="ts_CarryingValueOfUnitsGranted-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="ifrs-full_CashFlowHedgesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowHedgesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flow hedges [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesMember" xlink:to="ifrs-full_CashFlowHedgesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_UsiminasMember" xlink:label="ts_UsiminasMember" xlink:type="locator"/>
    <link:label xlink:label="ts_UsiminasMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Usiminas [member]</link:label>
    <link:label xlink:label="ts_UsiminasMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to Usiminas.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_UsiminasMember" xlink:to="ts_UsiminasMember-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:label="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption</link:label>
    <link:label xlink:label="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in actuarial assumption</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_BasicAndDilutedEarningsPerAdsFromDiscontinuedOperations" xlink:label="ts_BasicAndDilutedEarningsPerAdsFromDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ts_BasicAndDilutedEarningsPerAdsFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic and diluted earnings per ADS (U.S. dollars per ADS) (*), discontinued operations</link:label>
    <link:label xlink:label="ts_BasicAndDilutedEarningsPerAdsFromDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of basic and diluted earnings (losses) per ADS from discontinued operations. Each ADS equals two shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_BasicAndDilutedEarningsPerAdsFromDiscontinuedOperations" xlink:to="ts_BasicAndDilutedEarningsPerAdsFromDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Used in financing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NumberOfSharesSubscribedTo" xlink:label="ts_NumberOfSharesSubscribedTo" xlink:type="locator"/>
    <link:label xlink:label="ts_NumberOfSharesSubscribedTo-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NumberOfSharesSubscribedTo</link:label>
    <link:label xlink:label="ts_NumberOfSharesSubscribedTo-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares subscribed to</link:label>
    <link:label xlink:label="ts_NumberOfSharesSubscribedTo-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of shares subscribed to.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NumberOfSharesSubscribedTo" xlink:to="ts_NumberOfSharesSubscribedTo-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">(Decrease) Increase in cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_EarningsPerShareAttributableToDiscontinuedOperationsAbstract" xlink:label="ts_EarningsPerShareAttributableToDiscontinuedOperationsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ts_EarningsPerShareAttributableToDiscontinuedOperationsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share attributable to discontinued operations:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_EarningsPerShareAttributableToDiscontinuedOperationsAbstract" xlink:to="ts_EarningsPerShareAttributableToDiscontinuedOperationsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsFromUsedInFinancingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value of plan assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SharesSubscribedToPricePerShare" xlink:label="ts_SharesSubscribedToPricePerShare" xlink:type="locator"/>
    <link:label xlink:label="ts_SharesSubscribedToPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SharesSubscribedToPricePerShare</link:label>
    <link:label xlink:label="ts_SharesSubscribedToPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares subscribed to, price per share</link:label>
    <link:label xlink:label="ts_SharesSubscribedToPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the price per share of shares subscribed to.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SharesSubscribedToPricePerShare" xlink:to="ts_SharesSubscribedToPricePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_SharesSubscribedToValue" xlink:label="ts_SharesSubscribedToValue" xlink:type="locator"/>
    <link:label xlink:label="ts_SharesSubscribedToValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_SharesSubscribedToValue</link:label>
    <link:label xlink:label="ts_SharesSubscribedToValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares subscribed to, value</link:label>
    <link:label xlink:label="ts_SharesSubscribedToValue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the value of shares subscribed to.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_SharesSubscribedToValue" xlink:to="ts_SharesSubscribedToValue-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_InterestInAssociateSharesOwned" xlink:label="ts_InterestInAssociateSharesOwned" xlink:type="locator"/>
    <link:label xlink:label="ts_InterestInAssociateSharesOwned-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_InterestInAssociateSharesOwned</link:label>
    <link:label xlink:label="ts_InterestInAssociateSharesOwned-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest in associate, shares owned</link:label>
    <link:label xlink:label="ts_InterestInAssociateSharesOwned-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of shares owned of an associate entity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_InterestInAssociateSharesOwned" xlink:to="ts_InterestInAssociateSharesOwned-label" xlink:type="arc"/>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">At the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year</link:label>
    <link:label xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</link:label>
    <link:label xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net defined benefit liability (asset) at end of period</link:label>
    <link:label xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Values at the beginning of the year</link:label>
    <link:label xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">At the end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="ifrs-full_LiabilityAssetOfDefinedBenefitPlans-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:label="ts_DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="ts_DisclosureOfNationalizationOfSubsidiariesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Nationalization of Subsidiaries [text block]</link:label>
    <link:label xlink:label="ts_DisclosureOfNationalizationOfSubsidiariesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:to="ts_DisclosureOfNationalizationOfSubsidiariesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" xlink:type="locator"/>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationalization of subsidiaries, compensation award not including pre-award interest</link:label>
    <link:label xlink:label="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount awarded, not including pre-award interest, as compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" xlink:to="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="ts-20171231.xsd#ts_NumberOfMajorBusinessSegments" xlink:label="ts_NumberOfMajorBusinessSegments" xlink:type="locator"/>
    <link:label xlink:label="ts_NumberOfMajorBusinessSegments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ts_NumberOfMajorBusinessSegments</link:label>
    <link:label xlink:label="ts_NumberOfMajorBusinessSegments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of major business segments</link:label>
    <link:label xlink:label="ts_NumberOfMajorBusinessSegments-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of major business segments.</link:label>
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    <link:label xlink:label="ts_NumberOfReportableOperatingSegments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of reportable operating segments</link:label>
    <link:label xlink:label="ts_NumberOfReportableOperatingSegments-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of reportable operating segments.</link:label>
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    <link:label xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid to non-controlling interest in subsidiaries</link:label>
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