In early April, India’s brass scrap market strengthened after a soft late March, driven by tightening supply and rising logistics costs. Disruptions in shipments from the UAE, extended lead times, and reduced yard inventories limited near-term availability, forcing buyers to compete for spot material. Despite mixed demand signals, defensive buying lifted trader confidence. Rising landed costs squeezed import economics and processing margins, with tighter supply of high-grade brass honey supporting firm premiums. Ocean freight and power tariff increases, along with higher customs duties and compliance charges, intensified cost pressures. The near-term outlook remains range-bound to slightly positive, with strong demand for cleaner grades and limited availability expected to keep prices firm, though ample lower-grade scrap may cap sharper gains.
