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Spanish Steel Pipe Maker Tubos Reunidos Enters Insolvency After 134 Years
Tubos Reunidos, the historic Spanish steel pipe manufacturer founded in 1892, has filed for voluntary insolvency after 134 years in business, highlighting the mounting pressures facing Europe’s industrial sector. 

The Basque-based company, which produces seamless steel tubes for the energy and petrochemical industries, accumulated debts of around €263 million after demand weakened sharply and profitability deteriorated. The company swung from profits in 2023 to major losses in 2025, hit by rising energy and labour costs, cheaper imported steel, weak industrial demand and a crushing 50% US tariff on steel exports imposed in 2025.

The company employs nearly 1,300 people across Spain and the US, with workers protesting against planned redundancies and uncertainty over the company’s future. A court-appointed administrator is now expected to oversee restructuring efforts, asset sales and negotiations with creditors as the firm attempts to preserve operations

Read more at EuroNews here
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