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.

Ahmedabad's NID inaugurated a new innovation facility, boosting its startup ecosystem. This strengthens design, industry, and technology collaboration, accelerating urban development and knowledge-based economies over the past decade.

Ahmedabad is gaining national attention for its push to become a leading service economy hub, diversifying beyond manufacturing. The city aims to attract technology and business services, leveraging infrastructure and lower costs, while focusing on sustainable urban development for long-term growth.

Ahmedabad initiated a major urban redesign program, integrating metro corridors, road upgrades, and public infrastructure across over 50 km. This aims to enhance mobility, liveability, and connectivity, positioning the city as a future-ready urban centre.

Indian Railways approved three new infrastructure projects, investing over ₹2,100 crore. This boosts urban mobility, safety, and network capacity, easing congestion and supporting regional economies.

West Bengal is attracting significant tech investments, with ongoing discussions for large-scale digital and corporate expansion in Kolkata. This aims to reshape the urban economy, boost employment, and drive demand for real estate and infrastructure.

The Indian MS structural steel market remained stable-to-firm this week, supported by steady infrastructure demand and firm raw material prices. Primary mills maintained controlled dispatches and revised prices upward across regions, while secondary markets witnessed improved inquiries following recent corrections. Market participants continue to monitor monsoon-related execution trends and cautious institutional buying activity across industrial and construction sectors.

Delhi Railway Hub introduces a colour navigation system at New Delhi Railway Station to improve crowd movement, safety, and accessibility. Handling over 300 trains and lakhs of passengers daily, this initiative aims to reduce congestion and enhance commuter experience.

Hyderabad's 1980s circular rail vision, scaled down to MMTS in the early 2000s, remains largely unfinished. Challenges like funding and coordination left the city's suburban rail network unable to meet current growth demands.

Yamuna Expressway authorities plan three integrated trade and business districts near Noida Airport to reshape northern India's wholesale commerce. This hub aims to boost global trade, logistics, and employment, anchoring new business clusters and urban growth.