Will Tightening Supply and Cost Pressures Sustain the Brass Scrap Rally in India?

The Indian Brass Scrap market demonstrated notable upward momentum in the first three weeks of August ****, driven primarily by supply-side constraints and steady downstream demand. Prices rose approximately *.** in the week ending August **, following a sharper ** increase in the week of August *, according to weekly assessment data. The price surge was triggered by tightened feedstock availability as monsoon-related logistics disruptions and port congestion limited inbound flows of imported Brass Scrap and slowed domestic dismantling at coastal yards. The Jamnagar secondary brass cluster, which accounts for **-*** of national scrap offtake, remained the primary driver of consumption, with rod mills actively stocking material to maintain production schedules.

Demand-side fundamentals offered mixed signals. The plumbing and electrical fittings sector remained robust, buoyed by infrastructure spending, while export-oriented precision components to markets such as the UAE and Vietnam held steady. However, domestic appliance production softened during...