Drill pipe prices Why it continues to decline

Reported on the 24th: The quoted price for 62% grade imported iron ore fines dropped to $99.4 per ton, falling a total of $10.8 over the past week. Industry insiders suggest this may be nearing the bottom.

On the 27th, traders struggled to cope with the allocation policy as Indian fines futures traded at $106–$108 per ton, down sharply from the psychological threshold of $120 per ton—now standing at 63.5% of that level. Compared to prices exceeding $200 per ton in early 2022, this represents a near-50% drop. Meanwhile, recent iron ore prices have fallen to their lowest levels since late 2009.

On the 28th, Water well drill pipe Price analysts say that in the coming period Water well drill pipe Price quotes will continue to fall as part of market-stabilizing measures, "but we're already not far from the bottom—time to avoid further losses. What’s missing now is a key trigger, a decisive push—one that encourages traders to buy and steel mills to stockpile, ultimately driving the market forward." Water well drill pipe "The price market is improving."