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Demand dynamics also play a significant role in the pricing of oil seals. As global industries recover from economic downturns, the demand for machinery and vehicles tends to rise. This increased demand for oil seals can lead to higher prices if supply cannot keep pace. For example, during the economic recovery following the COVID-19 pandemic, many industries saw a surge in demand for automotive parts, including oil seals, straining the supply chains and driving prices upward. Moreover, the increasing trend toward electric vehicles, while potentially reducing some demand for traditional oil seals, has sparked interest in specialized seals for new technologies, which can also influence market prices.
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CHS pipe sizes follow specific standards and codes. For instance, in the United Kingdom, the British Standard (BS) 4360 outlines the preferred dimensions and tolerances for CHS. In the United States, the American Society for Testing and Materials (ASTM) provides specifications that are widely adopted, such as ASTM A500 for cold-formed steel structural tubing. Familiarity with these standards ensures that engineers and contractors select pipes that comply with local regulations and industry norms.
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