Indian domestic copper scrap prices decreased by up to 1.2% d-o-d today amid a fall in LME futures. Armature scrap prices stand at INR 699,000/t exy-Delhi. Primary and secondary cc wire rods prices decreased to INR 805,000/t and INR 748,000/t, exw respectively, excluding GST. Sufficient material availability in the market weighed on prices. Meanwhile, participants awaited the budget announcement, leading to uncertainty.
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