What determines the price of Copper scrap in India?

Copper scrap prices are influenced by global benchmarks like the LME and domestic futures on the MCX, along with local demand from wire and cable manufacturers. BigMint provides transparency by delivering real-time MCX updates and daily spot price assessments for scrap grades across India's major trading hubs.

Why is 'Millberry' copper considered the highest grade of scrap?

Millberry (ISRI: Barley) is No. 1 bare, uncoated copper wire with 99.9% purity, making it ideal for immediate melting without extensive refining. BigMint tracks Millberry premiums daily, helping secondary smelters and traders benchmark their high-purity inventory against the most accurate market rates.

How does the 'Scrap-to-MCX' spread impact procurement decisions?

The spread represents the difference between the local spot price of scrap and the current MCX futures contract, indicating market tightness or surplus. BigMint assists buyers by calculating this yield percentage daily, allowing procurement teams to identify optimal buying windows when scrap is undervalued relative to futures.

What is the importance of 'Armature' scrap in the secondary market?

Armature scrap, derived from electric motors, is a significant source of secondary copper, with recovery rates typically ranging from 98% to 99%. BigMint provides specific price points for both 'Bhatti' and 'Plant' armature, ensuring recyclers can value their material based on current impurity-driven discounts.

How does USD-INR volatility affect Copper import costs?

As copper is priced in dollars globally, any fluctuation in the Rupee directly changes the landed cost of imported grades like Birch-Cliff. BigMint integrates live forex trends into its import parity data, helping importers understand the impact of currency movement on their final procurement costs at Mundra or Mumbai ports.

What role does Copper scrap play in the EV and Green Energy transition?

Copper is vital for the high-conductivity requirements of Electric Vehicles and renewable energy grids, leading to increased demand for superior scrap grades. BigMint supports this transition by monitoring demand shifts for CCR-grade scrap and high-conductivity copper, providing the data needed for strategic planning in emerging sectors.

What are Refining Charges (RC) and how do they affect scrap valuation?

Refining Charges are the costs associated with processing lower-purity scrap into 99.9% pure copper cathodes. BigMint tracks these charges and smelter sentiment, offering users a clear view of the 'netback' value they should expect when selling lower-grade copper scrap.

How can I access historical Copper price trends for risk management?

Analyzing historical price data helps businesses identify seasonal cycles and hedge against future market volatility on the LME or MCX. BigMint provides an extensive historical dashboard covering spot and future prices, enabling users to perform deep-dive trend analysis and manage price risks effectively.

Copper Scrap Prices – Daily Non-Ferrous Market Rates


India
IND	Copper Motor Scrap, CFR Mundra, USIMP 08, May 2026 16:55 IST \| Daily	Cu 8-10%	USD	tax	Delivery within 4-6 Weeks	NA
IND	Brass Honey Scrap, CFR Mundra, Middle EastIMP 03, Mar 2026 16:47 IST \| Daily	4% attachment	USD	tax	Delivery within 4-6 Weeks	NA
IND	Copper Millberry Scrap, CFR Nhava Sheva, Middle EastIMP 26, Feb 2026 16:52 IST \| Weekly	Bundles, 99.9%	USD	tax	Within 2 weeks	NA
IND	Copper Birch Cliff Scrap, Middle East, CFR MundraIMP 03, Mar 2026 16:47 IST \| Daily	Bundles	USD	tax	7-10 Days	NA
IND	Copper Brass Honey Scrap, CFR Mundra, EuropeIMP 07, May 2026 16:57 IST \| Weekly	7% Attachment	USD	tax	4-6 weeks	NA
IND	Brass Honey Scrap, Exw-Jamnagar, IndiaDOM 08, May 2026 16:53 IST \| Daily	Loose, 60-65% Cu, 30-35% Zn	INR	tax	Within 7 Days	NA
IND	Copper Armature Scrap, Exy-Delhi, IndiaDOM 08, May 2026 16:53 IST \| Daily	Cu 99%	INR	tax	Within 7 Days	NA
IND	Brass Honey Scrap, BME, Exy-Mumbai, IndiaDOM 08, May 2026 17:44 IST \| Daily	Cu 63% Zn 33%	INR	tax	Within 7 Days	NA
IND	Copper Armature Scrap, BME, Exy-Mumbai, IndiaDOM 08, May 2026 17:44 IST \| Daily	Cu - 98%	INR	tax	Within 7 Days	NA

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Export - Iron Ore | India

Compare

Export - Iron Ore | India

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Import - Iron Ore | India

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Import - Iron Ore | India

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Export - Iron Ore | India

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Coastal Movement - Iron Ore | India

Compare

Export - Iron Ore | India

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Export - Iron Ore | India

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15