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.

West Bengal launched a statewide urban overhaul to tackle illegal parking and enhance waste monitoring via a geo-tagged complaint system. This aims to improve mobility, sanitation, and public health in major cities like Kolkata, despite implementation challenges.

Union Cabinet approved INR 4,474 crore for Eastern Railway multitracking in West Bengal and Jharkhand. This boosts regional connectivity, freight logistics, and passenger mobility, easing congestion and improving transport efficiency across eastern India.

Kolkata Metro and IIT Madras are studying Linear Induction Motor technology for future Indian metros. This partnership aims to enhance energy efficiency, operational flexibility in dense urban areas, and foster technological modernization for sustainable transit.

Kolkata's aviation network faces repeated disruptions from extreme weather, causing flight delays and diversions. This highlights urban transport's vulnerability and necessitates long-term climate resilience planning for critical infrastructure in eastern India.

Rising fuel prices in West Bengal, particularly Kolkata, are increasing transport costs for freight and public mobility, impacting logistics, construction, and potentially consumer prices for essential goods.

Kolkata's Urban Land Ceiling reform debate deepens. While it could unlock land for housing and infrastructure, experts caution against speculative growth, rising prices, and environmental impact without strict safeguards and inclusive planning.

Delhi-NCR flyers resist Jewar Airport shift, preferring Delhi's IGI due to concerns over longer travel, higher airfares, and additional charges. This poses a challenge for the new airport's adoption and regional economic decentralization goals.

Union Railway Minister launched Rs 400 crore projects in Rajasthan, including Rs 112 crore Alwar station redevelopment under Amrit Bharat Scheme. It aims to modernize 85 stations, enhancing connectivity and infrastructure, with 3,900 km tracks laid since 2014.

TMT bar prices in India remained largely stable this week amid balanced demand from infrastructure and real estate sectors. Primary TMT prices witnessed steady bookings, while secondary TMT markets saw selective buying due to regional price variations. Raw material fluctuations and project-led demand continue to influence near-term market sentiment across India.