The European steel tube industry has shown early signs of recovery after a prolonged downturn, according to the latest outlook from EUROFER.
In Q3 2025, output increased by 3.8% year on year, ending six consecutive quarters of decline.
Despite this improvement, the broader trend remains weak. The sector recorded a 1.4% contraction in 2023 and a further 2.4% decline in 2024, with only a modest recovery of 0.2% expected in 2025.
Looking ahead, growth is forecast to remain limited at:
• 0.8% in 2026
• 1.5% in 2027
EUROFER noted that energy price uncertainty, weak demand and reduced investment—particularly in pipeline projects—continue to weigh on the sector.
In the long term, demand is expected to remain constrained as the EU shifts toward LNG and reduces reliance on pipeline gas, limiting growth potential for steel tubes used in traditional energy infrastructure.
VietnamSteel by Hoa Sen Group
