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Domestic seamless pipe market in November shock strong operation
2024-11-01 16:17:45

Early in October, seamless pipe market prices continued the rising trend in late September, mainly due to the Federal Reserve interest rate cuts and the central banks monetary incremental policy to drive raw material billet prices continue to rise, cost support is strong. In addition, the traditional silver ten peak season is expected to make the market mentality is more optimistic, businessmen sharply raised prices. However, into the second half of the market demand was not released as expected, the terminal purchasing enthusiasm is reduced, the market turnover is gradually weak. At the same time, macroeconomic data show that domestic economic growth is facing some pressure, market confidence is affected, seamless pipe prices began to fall. The end of the month is still policy-oriented, overseas interest rate cuts ......

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