Moradabad Brass Industry Hit by Raw Material Surge as Ingot Rates Jump 95 Percent Brass ingot prices in Moradabad have surged from 500 rupees to around 950 rupees per kilogram over the past year. Global conflicts and rising raw material costs have led to a sharp slowdown in the local brass industry. The handicraft industry in Moradabad, globally celebrated as the Brass City, is currently navigating a severe economic crunch due to soaring raw material prices. Brass ingots, which serve as the fundamental building block for all brass items manufactured in the region, have witnessed an unprecedented price escalation. Over the past twelve months, the steep rise in ingot rates has distressed local manufacturers, squeezed profit margins, and severely disrupted market supply chains. Ingot Prices Jump Nearly 95 Percent in Twelve Months Local brass trader Raghav Khanna highlighted that the cost of brass ingots has been steadily ascending to record highs. Comparing current rates with those from the previous year reveals an escalation of approximately 95 percent. A year ago, brass ingots were sold at around 500 rupees per kilogram, whereas today the price has surged to nearly 950 rupees per kilogram. This sharp increase in raw material costs has directly inflated the production expenses of finished brass products. Global Conflicts and Rising Metal Costs Drive Up Supply Expenses Multiple international and domestic factors are contributing to this steep price trend. Brass is produced by fusing copper and zinc together. Ongoing geopolitical conflicts across the globe have severely impacted the international supply chain and availability of these base metals, pushing their prices upward. Furthermore, rising labor charges, energy expenses, and secondary processing costs have added to the total manufacturing expense, resulting in significantly higher market rates for brass ingots. Declining Customer Demand Triggers Widespread Market Slowdown As a consequence of expensive raw ingots, manufacturers in Moradabad have been compelled to mark up the prices of finished brass items. Higher retail prices have discouraged buyers, leading to a noticeable slump in market sales compared to the previous year. Local business owners report that revenues have plummeted, making it difficult for small workshops to sustain operations. The cascading effect of expensive raw materials has dragged the entire brass sector into a period of deep economic stagnation. What this means for you The massive price surge in brass ingots will inflate retail costs of brass goods across India while threatening local manufacturing livelihoods in Moradabad. • Across India: Retail prices for everyday brass utensils, religious items, and home decor are expected to rise noticeably. Consumers planning purchases for upcoming festive or wedding seasons will need to allocate larger budgets for traditional brassware. • In Moradabad: Reduced factory production and lower order volumes threaten to cut working hours for local artisans and foundry workers. Daily wage craftsmen in the city face potential income drops as small workshops struggle to stay active. • For Retail Shoppers: High retail prices may prompt consumers to delay purchases or switch to cheaper metal alternatives like stainless steel. This shift in buyer preference could further depress demand for handcrafted brass products. • For Exporters: Increased raw material costs diminish the global price competitiveness of Indian brass handicrafts. Exporters may experience reduced overseas trade orders, impacting export revenues from the artisan sector. Why this happened The surge in brass ingot prices in Moradabad is driven by international geopolitical conflicts, rising raw material rates, and higher processing costs. Together, these factors have strained the supply chain for the brass manufacturing sector. • Global Conflicts and Supply Disruption: Ongoing military conflicts around the world have disrupted international shipping routes and trade logistics. This has restricted the global availability and smooth transport of essential base metals like copper and zinc. • Escalating Copper and Zinc Rates: Brass is an alloy manufactured primarily from copper and zinc. Sharp price increases in both primary metals on world commodity exchanges have directly pushed up the base cost of producing brass ingots. • Rising Labor and Operational Costs: Operational expenses involved in metal smelting, including fuel costs and worker wages, have also grown. Adding these manufacturing overheads to expensive raw materials has resulted in significantly higher final ingot prices. Questions & Answers 1. What is the current price of brass ingots in Moradabad? The price of brass ingots in Moradabad currently stands at around 950 rupees per kilogram. 2. What was the price of brass ingots in Moradabad one year ago? One year ago, brass ingots were priced at 500 rupees per kilogram in Moradabad. 3. By what percentage have brass ingot rates increased over the past year? Brass ingot prices have jumped by approximately 95 percent compared to last year's rates. 4. Which primary metals are used to manufacture brass? Brass is manufactured by fusing two primary metals together: copper and zinc. 5. What are the primary factors driving up brass ingot prices? The price surge is caused by global conflicts disrupting metal supplies, escalating costs of copper and zinc, and higher labor and operational expenses. https://trendkia.com/en/business/pitala-nagari-moradabad-men-kachche-mala-ka-snkata-silli-ke-dama-95-pratishata-uchhalane-se-karobara-susta-29975 TrendKia — Har trend, sabse pehle.