Tag: India Copper scrap price rebounds by INR 3000t d-o-d

Indian domestic copper scrap prices increased by INR 3,000/t d-o-d today amid supportive LME futures. Market participants, mostly scrap traders, are hopeful to see an uptrend in domestic prices in the near-term amid record low stocks at LME-registered warehouses. Armature scrap prices were recorded at INR 705,000-707,000/t exy-Delhi, excluding GST on 24 Jan’23.