Indian copper prices have recovered d-o-d today following a rise in futures on LME by 2%. Copper armature scrap prices stood at INR 695,000/t exy-Delhi and secondary wire rods prices were at INR 745,000/t exw. Mills’ margins (from armature scrap to secondary rods) have improved and are currently hovering around INR 45,000-47,000/t, as per data maintained with SteelMint.
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