The domestic seamless tube market has shown a downward trend followed by fluctuations, affected by the bearish sentiment during the off-season in downstream industries such as infrastructure and real estate, leading to a slow recovery phase after hitting bottom. In December, the domestic seamless tube market prices have stabilized and are on the rise, with the price of 108*4.5 seamless tubes in Shandong at 4550-4600 yuan/ton as of December 13, up 45 yuan/ton from last month, a 0.98% increase. The main driving force behind the market rise in December is cost-driven, with significant increases in the billet and tube billet markets. Tube manufacturers are facing increased cost pressures, market expectations for price increases have strengthened, and downstream markets are in urgent need of restocking, leading to an overall rise in seamless tube market prices.