The domestic seamless steel tube market has shown a downward trend followed by fluctuations, influenced by the bearish sentiment during the off-season in downstream industries such as infrastructure and real estate, leading to a slow recovery phase after bottoming out. In December, the domestic seamless steel tube prices stabilized and rose slightly, with the price of 108*4.5mm tubes in Shandong reaching 4550-4600 yuan/ton as of December 13, up 45 yuan/ton from the previous month, representing a 0.98% increase. The main driving force behind the market increase in December was cost-driven, with significant rises in the billet and tube billet markets, increasing cost pressures for tube manufacturers, enhancing market expectations for price increases, and downstream market orders for essential inventory replenishment, leading to an overall rise in seamless steel tube prices.