节点：下游（终端消费/应用）位置：下游情绪：利空参考度：6/10


根据欧洲钢铁协会（EUROFER）发布的《2025年三季度经济与钢铁市场展望》报告，欧盟钢管产量在今年第一季度同比下降3%。自2024年第四季度下降1.8%后，已连续五个季度呈现下滑态势。

该行业自2022年下半年起便丧失增长动力，主要因素涵盖乌克兰战争冲击、供应链中断以及能源价格的剧烈波动。虽然2023 – 2024年油气价格有所回落，但能源市场的不确定性与全球经济前景的疲软，依旧持续制约着行业发展。随着欧盟加速推动管道天然气向液化天然气（LNG）转型，管道项目投资持续处于低迷状态。

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