Spanish seamless steel pipe manufacturer Tubos Reunidos has temporarily suspended operations at its Texas plant due to the difficult market situation and the 50 percent tariffs imposed by U.
S. President Donald Trump on steel and aluminum imports, according to Spanish media reports.
Typically, pipes made in Spain are shipped to a factory in Texas for final processing and finishing. The company described this measure as difficult, but necessary to maintain the sustainability of the business and ensure responsible resource management.
The United States currently accounts for 45 percent of Tubos Reunidos' global sales, making tariff measures particularly challenging for its profitability and supply chain.
Minimum power operation
Although the Texas plant will not be permanently closed, it will operate at minimum capacity until the necessary conditions are in place. they are stabilizing, and financial guarantees are provided.
Tubos Reunidos explained that the tariffs have significantly increased costs because his raw material needs depend on imports subject to the new taxes.
Is looking for alternatives in global markets
To offset the impact of U.
S. trade policy, the company signs new contracts in India and Saudi Arabia to expand its international presence and diversify its revenue streams.
Tubos Reunidos noted that it will continue to explore strategic alternatives to maintain operations and strengthen its position in key export markets.
