According to the report, the European Steel Association (Eurofer) stated that the EU is continuing to shift towards liquefied natural gas (LNG) imports while reducing its dependence on pipeline gas. This trend is particularly evident in the market for large welded pipes used in the oil and gas industry, where demand is not expected to increase significantly.

Meanwhile, the demand for steel pipes in the construction industry is expected to gradually decrease. In contrast, the automotive and engineering sectors are anticipated to remain relatively strong and stable.

Some market participants forecast that the overall EU steel pipe industry is expected to recover in 2025 and 2026, with increases of approximately 0.9% and 1%, respectively.