Market News Today

Japan's copper scrap market is a competitive seller's ecosystem. Ex-China buyers need long-term partnerships. Japan leads in quality ($8,112/mt average export price). Domestic smelter consumption rises, while exports and processing usage (down 8% by 2025) decline, tightening global supply.

Kochi Metro Phase II secured a contract for 11.2-km ballastless tracks, linking Stadium to Infopark. Due in 16 months, it enhances urban connectivity, reduces traffic, and offers durable, low-maintenance transport.

Gurugram Sector 40 residents warn of severe urban infrastructure failures: damaged roads, blocked drainage, poor sanitation, and delayed projects. These issues risk intensified monsoon flooding, health hazards, and mobility disruptions, reflecting broader governance challenges.

Imported chemical prices are rising due to firm Chinese offers and the Indian rupee's record low. Buyers anticipate stronger pricing through May, urged to secure inventory early to avoid further cost escalation.

Polymer prices (PE, PVC, PP, PET) are gaining momentum due to firm Chinese offers and a weak Rupee. Bullish sentiment expects further domestic price increases in May, urging early inventory securing.

Jindal Stainless (JSL) has announced a fresh price revision effective 13 May 2026 across its 300 series stainless steel grades and finishes. The revised price adjustments are as follows: * 304/304L (CR Finish) increased by ₹3/kg * 304/304L (HR Finish) increased by ₹4/kg * 316/316L (CR & HR Finish) increased by ₹10/kg The latest revision reflects strengthening market sentiment in the stainless steel segment, particularly for higher nickel-bearing grades.

The Indian steel pipe market is experiencing robust momentum as government-led water infrastructure projects (Jal Jeevan Mission) accelerate ahead of the monsoon. While MS ERW and GI pipes are seeing price stability due to steady HRC and Zinc inputs, DI pipes remain in high demand with significant supply lead times. Overall, the market shows a healthy balance of industrial offtake and municipal procurement.

Gurugram's air quality crisis deepens due to ammonia emissions from surrounding agriculture, intensifying PM2.5 concentrations. Levels exceeded national standards through 2024-2026, demanding new strategies beyond current primary pollutant focus.

A 400 kV transmission failure in Kozhikode forces power restrictions across four northern Kerala districts for a week. This highlights infrastructure vulnerabilities, rising demand, and the need for grid modernization and climate-resilient energy networks.

A 10-lane corridor is planned to ease NCR congestion and connect Noida International Airport. Expanding the existing 4-lane Yamuna floodplain road, it aims to redistribute traffic, integrate with Chilla elevated road, and support regional growth.