- Copper scrap prices in India showed a softer trend in March, as supply pressure from rising imports outweighed temporary tightness in select high-grade grades.
- Feedstock conditions remained mixed, with regional cathode tightness and sulphur-related cost pressure offering support, while higher scrap arrivals increased availability.
- Downstream demand stayed uneven, with cables, wire-rod, inverters, and consumer durables supporting clean-grade buying, but construction remained weak.
India’s copper scrap market softened through March 2026 as surging imports and higher inventories forced sellers to reduce offers, even though mid-month supply lines were disrupted by Middle East tensions and vessel rerouting. The market had been supported earlier by downstream demand from cables, inverters, and consumer durables, but a pre-budget lull and cautious buying later reduced prompt bids. Demand stayed split, with wire-rod and cable manufacturers remaining the strongest buyers because clean scrap retained a cash-conversion advantage over cathode, while construction demand remained soft. High-grade insulated wire scrap stayed relatively tight and premiums for clean armature rose, but broader availability increased as sellers destocked. Power cable activity improved after tender awards, and air-conditioner output also supported consumption, yet these were not enough to offset the pressure from rising inventories. India’s broader copper demand backdrop remained supported by infrastructure and electrification, though the scrap segment in late March was dominated by inventory pressure rather than demand strength.