- Copper scrap prices stayed largely firm in Q2’26, with marginal increases in the United States and India despite active cross-border scrap flows globally.
- Feedstock availability improved through higher U.S. imports and exports, but stronger demand for domestic-origin metal kept procurement sentiment supported across downstream manufacturing chains.
- Downstream demand was firmer from industrial production, business equipment, construction supplies, primary metals, and vehicles, supporting stable scrap buying through the quarter.
Copper Scrap prices in the United States were ~USD 13,518.88/MT in April and ~USD 13,524.19/MT in May, showing a marginal increase. The price movement was limited because supply availability improved through stronger trade flows, but domestic demand signals remained supportive. U.S. scrap copper exports rose 64.2% year-on-year in April, mainly led by higher shipments to South Korea, India, and Thailand. Imports also increased 69% year-on-year, supported by stronger inflows from Canada and Mexico. This created better physical availability, limiting sharp price gains. However, downstream consumption kept the market firm, as May industrial production rose slightly, with business equipment, construction supplies, materials, primary metals, and motor vehicles showing positive movement. Policy changes also supported sentiment by encouraging greater use of U.S.-origin copper in downstream products. Similarly, in India, Copper Scrap prices were ~INR 1,279.47/kg in April and ~INR 1,279.91/kg in May, showing a slight increase. The rise was linked to steady import pull and firm downstream usage, especially as India remained one of the stronger destinations for U.S. scrap exports.