Metal Scrap Rate Today: September 16, 2024 – Latest Updates and Market Trends
Staying updated on the metal scrap rate today is essential for maximizing profits in the scrap metal business. The prices of metals like steel, copper, and aluminium fluctuate based on global demand, supply, and market trends. As of September 16, 2024, here are the latest metal scrap rates: Current Metal Scrap Prices: Factors Affecting the […]
Indian Steel Industry to Experience 9-10% Growth in FY2025, Says ICRA
The Indian Steel Industry is poised for a robust growth trajectory, with domestic steel consumption expected to rise by 9-10% in the financial year 2025, according to ICRA’s recent statement. This projection highlights a positive outlook for the industry despite global market fluctuations. Strong Performance in Q1: In the first quarter of the current financial […]
Current Metal Scrap Rates: A Comprehensive Update
The global demand for metal scrap is driving price fluctuations, making it essential for businesses to stay updated. Current Metal scrap rates vary based on types like ferrous (iron and steel) and non-ferrous (copper, aluminium, and zinc) materials. These prices are influenced by factors such as market demand, production costs, and international trade dynamics. Key […]
Today’s Metal Scrap Rates for Copper and Aluminium: What You Need to Know
Keeping track of today’s metal scrap rates for copper and aluminium is crucial for both sellers and buyers in the recycling industry. These rates can fluctuate based on a variety of factors, including global demand, market trends, and economic conditions. In 2024, the metal scrap market continues to show dynamic shifts, making it essential to […]
Zinc Prices Rise Amid Improved Demand in China and Anticipated US Rate Cuts
Zinc prices increased by 0.23% to ₹264.6, driven by improved demand in China and a decreasing dollar amid increasing anticipation of interest rate cuts by the US Federal Reserve. A 9.3% drop in zinc inventories in warehouses under the observation of Shanghai Futures Exchange. Which suggests a tightening supply, helped to boost sentiment. Furthermore, prices […]
Copper Prices Drop As Escondida Mine Strike Averted In Chile.
Copper prices fell 0.81% to $799.95 after the union at Chile’s Escondida copper mine came to an agreement with BHP, avoiding the risk of a strike that could have impacted global copper supplies. However, expectations for U.S. interest rate cuts and indications of improving demand in China. The world’s biggest consumer of copper, helped to […]
Crude Oil Prices Falls 0.72% as Market Sees No Supply Disruptions
The prices of crude oil fell by 0.72% to settle at $6,579, indicating that the market does not currently anticipate any major disruptions to the supply of oil. US EIA recently released data showing that US crude stockpiles fell for a second week in a row, by 2.508 million barrels, exceeding projections of a draw […]
Aluminium Prices Climb Amid China’s New Property Sector Stimulus
Aluminium prices increased 1.13% to 242.45, boosted by broad-based gains in base metals following China’s announcement of new stimulus measures for its having trouble property sector. A notable rise in on-warrant the London Metal Exchange stocks at Malaysian Port Klang, which occurred well in advance of the crucial delivery deadline of May 15th, also caused […]
Zinc Prices Surge 3.13%, Amid China’s New Stimulus Measures
Zinc prices increased by 3.13% yesterday, reaching 275.05, primarily due to China’s recent stimulus measures intended to increase demand for the metal in the future. Since unsold home inventories in China have reached an eight-year high amid the country’s property crisis, zinc, an essential building material, has faced difficulties. Chinese authorities unveiled a massive support […]
Copper Prices Surge 2.15% as China’s Demand Expectations Rise
The world’s biggest copper consumer, China, had higher demand expectations, which caused copper prices to jump by 2.15% and settle at 936.5. In an effort to reduce oversupply and lessen developer defaults, the Chinese government recently announced that it would buy unsold housing inventory. This is one of Beijing’s most important economic activity-boosting initiatives. Given […]