The European steel tube market remains subdued, with long-term demand for large welded tubes unlikely to rebound significantly. The EU’s shift toward LNG imports has reduced reliance on pipeline gas, delaying new infrastructure projects.

While demand from the construction sector is expected to soften further, the automotive and engineering industries may provide more stable support. Analysts forecast only a modest recovery in tube sector activity, with growth projected at 0.9% in 2025 and 1% in 2026.