Monitoring the metal scrap rate today is essential for making smart trading decisions. As of September 17, 2024, metal scrap prices have shown subtle fluctuations driven by key market factors. Whether you’re a seller or buyer, knowing the latest prices helps you stay ahead.
Current Metal Scrap Prices:
- Copper Scrap: ₹733+ per kg – Moderate increase, yesterday’s price due to demand.
- Aluminum Scrap: ₹175+ per kg – Moderate increase, reflecting supply chain constraints.
- Brass Scrap: ₹488+ per kg – Stable pricing with minor regional variations.
Key Factors Affecting Metal Scrap Prices:
- Manufacturing Slowdown: Reduced production in major sectors has lowered demand, impacting scrap prices.
- Supply Chain Disruptions: Ongoing logistical challenges continue to put pressure on the scrap market.
- Raw Material Availability: Global shortages in certain metals are driving price fluctuations.
Market Trends to Watch
- Steel Scrap: Strong infrastructure development projects are keeping steel scrap demand high, with prices expected to remain stable in the coming days.
- Copper Scrap: Prices are expected to stabilize as supply chains recover from recent disruptions.
For accurate updates on the metal scrap rate today, visit Shree Metal Prices daily for the latest market trends and forecasts.