Voestalpine to Trim 150 Jobs at Kindberg as Provisional US Pipe Duties Pile Up
Published on 11/10/2026 at 03:51 | Editorial boerse-global.de
Voestalpine is bracing for another layer of US trade costs on its seamless pipe exports, with provisional duties of 47.21% and 10.17% reportedly on the table. The two figures together add up to 57.38%, and they would sit on top of the 50% tariff already in force on the affected shipments. The findings are preliminary, and the Austrian group has said it will examine them and pursue legal action.
The company has criticized how the additional charges were calculated. In its assessment, the high US duties leave deliveries to the American market economically viable only to a very limited extent — a constraint now shaping decisions well beyond the order book.
Kindberg Cuts Tied to Tariffs and Middle East Squeeze
That pressure surfaced in concrete form with the announcement of a production adjustment at the Kindberg site and the elimination of roughly 150 positions at subsidiary voestalpine Tubulars. The measures are scheduled for completion by the end of March 2027. Management cited US tariffs on its main sales market, compounded by difficult conditions in alternative markets in the Middle East, as the reason for the step. The background is the US anti-dumping duty on OCTG pipes that became known around two weeks ago.
Should investors sell immediately? Or is it worth buying Voestalpine?
The stock nevertheless finished the session up 2.8%. No causal link between the share price move and the announced production adjustment has been established.
Results Date and a Linz Apprentice Gathering
Investors' next confirmed marker is 11 November 2026, when the group will publish first-half figures for fiscal 2026/27, covering second-quarter results. Separately, Voestalpine reported on its group apprentice day in Linz on Thursday, which brought together 380 young skilled workers from Austria, Germany and Switzerland at a single location. At the start of the new training year, the company said it took on 311 new apprentices in Austria.
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