Tubos Reunidos recorded an economic loss of 88.19 million euros in the first half of 2026
The company attributed this negative result to the fall in international tariffs and the mobilizations in the factories during the negotiation of the ERE.
Tubos Reunidos, currently in competition with creditors, recorded losses of 88.19 million euros in the first half of 2026, which almost tripled the 28.9 million lost in the same period last year.
According to data submitted by the steel company to the National Securities and Exchange Commission, the accounts for the first half of the year have cost an extraordinary amount of EUR 39 million due to impairment of assets, following a review of their activity and the current insolvency situation.
The company's turnoverhas fallen 51.7%, from $205 million last year to €99.3 million in the first six months of 2026. According to sources, this sharp decline is due to the three-month stoppage of activity while intermittent stoppages, strikes and EREs were being negotiated at the Wall plant.
Despite the difficulties in financing, by 30 June (two months after the declaration of the creditor competition),the business group has highlighted the availability of a box of 21 million euros, and the management has stated that it has fully paid all obligations assumed after the start of this legal process.
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