India Refined Copper HS7403 Import Data 2025 July Overview

India Refined Copper (HS 7403) 2025 July Import: Key Takeaways

India’s refined copper imports (HS Code 7403) in July 2025 reveal a market dominated by Japan, which supplied 72.47% of the value and 92.33% of the weight, indicating high-volume, cost-effective shipments at around 30 USD/kg. The import structure shows heavy reliance on Japan for bulk industrial-grade copper, with niche European suppliers catering to specialized alloy demands. High import duties of 24.5% underscore the need for cost-efficient sourcing strategies. This analysis, covering July 2025, is based on cleanly processed customs data from the yTrade database.

India Refined Copper (HS 7403) 2025 July Import Background

What is HS Code 7403?

HS Code 7403 covers refined copper and copper alloys, unwrought, including cathodes, wire bars, billets, and brass or bronze alloys. This product is critical for industries like electrical manufacturing, construction, and automotive due to its high conductivity and corrosion resistance. Global demand remains stable, driven by infrastructure development and renewable energy projects.

Current Context and Strategic Position

As of July 2025, India’s import policy for HS Code 7403 maintains a ~24.5% effective duty (5% basic customs duty, 18% IGST, and 10% social welfare surcharge) without new restrictions [cybex.in]. Major importers like Polycab India Ltd and Hindalco Industries Ltd indicate steady demand, but tariff costs remain a key consideration for trade planning. India’s reliance on refined copper imports underscores the need for market vigilance amid global supply chain dynamics and preferential trade agreements under FTAs.

India Refined Copper (HS 7403) 2025 July Import: Trend Summary

Key Observations

In July 2025, India's imports of Refined copper under HS Code 7403 reached 326.10 million USD in value and 8.45 million kg in weight, marking a modest month-over-month increase from June's figures.

Price and Volume Dynamics

The import value for India Refined copper HS Code 7403 Import 2025 July rose by 6.4% compared to June, continuing a trend of volatility seen throughout the year, with a peak in May followed by a dip in June. This fluctuation is typical of the copper industry's seasonal cycles, where demand often surges in Q2 due to pre-monsoon construction and manufacturing activities, then slows during the monsoon months before a gradual rebound. The volume changes align with this pattern, reflecting adjustments in stock replenishment and industrial production rhythms.

External Context and Outlook

The relative stability in import levels, despite monthly variations, is supported by India's consistent customs duty framework, which maintains a total effective duty of around 24.5% with no recent policy shifts [seair.co.in]. Active participation from key importers like Vedanta Ltd and Hindalco Industries Ltd (seair.co.in) suggests sustained commercial activity, with outlook remaining steady barring any unforeseen global price shocks or domestic economic changes.

India Refined Copper (HS 7403) 2025 July Import: HS Code Breakdown

Product Specialization and Concentration

In July 2025, India's imports of Refined copper under HS Code 7403 are dominated by cathodes, according to yTrade data. The sub-code 74031100 for copper cathodes holds a 97% value share and 95% weight share, with a unit price of 39.30 USD per kilogram, indicating a high-volume, low-margin bulk trade. An extreme price anomaly is present in sub-code 74032290 for copper-tin alloys, with a unit price of 271.84 USD per kilogram, which is isolated from the main analysis due to its outlier nature.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes fall into two groups: bulk refined copper forms like billets and other unwrought copper, with unit prices ranging from 21.75 to 24.45 USD per kilogram, and specialized copper alloys such as brass and bronze, with prices from 47.97 to 74.25 USD per kilogram. This structure shows that India's Refined copper imports are primarily fungible commodities tied to global indices, with a smaller segment of differentiated, higher-value alloys.

Strategic Implication and Pricing Power

For India Refined copper HS Code 7403 Import in 2025 July, the bulk nature limits pricing power for importers, who must focus on cost efficiency and supply chain stability. The high import duties, around 24.5% as reported by [Seair], further pressure margins, making strategic sourcing and duty optimization critical for competitiveness.

Check Detailed HS 7403 Breakdown

India Refined Copper (HS 7403) 2025 July Import: Market Concentration

Geographic Concentration and Dominant Role

India's import of Refined copper HS Code 7403 in July 2025 is heavily concentrated, with Japan dominating at 72.47% of value and 92.33% of weight, indicating a high-volume, lower unit price around 30 USD/kg for standard grade bulk shipments. This disparity suggests Japan supplies large quantities of cost-effective refined copper, fitting its role as a key commodity source for India's industrial needs.

Partner Countries Clusters and Underlying Causes

The import partners form three clusters: Japan and Congo (Kinshasa) handle high volume with Congo's lower value ratio pointing to possible lower-grade or raw material inputs; European nations like Austria and Germany offer moderate volumes likely for specialized alloys or precision uses; and high-frequency, low-volume shippers like Italy and Netherlands may serve niche or just-in-time delivery demands in specific sectors.

Forward Strategy and Supply Chain Implications

For India Refined copper HS Code 7403 Import 2025 July, the high import duties around 24.5% [seair.co.in] mean buyers should prioritize cost-efficient, high-volume sources like Japan while exploring preferential trade deals to reduce tariffs and secure stable, grade-appropriate supply chains for manufacturing stability.

Table: India Refined Copper (HS 7403) Top Partner Countries (Source: yTrade)

Get Complete Partner Countries Profile

India Refined Copper (HS 7403) 2025 July Import: Action Plan for Refined Copper Market Expansion

Strategic Supply Chain Overview

India Refined copper Import 2025 July under HS Code 7403 is a bulk commodity market. Price is driven by global indices and product grade. High-volume, low-margin cathodes dominate trade. Japan supplies most volume at competitive rates. High import duties near 24.5% pressure margins. Supply chain implications focus on securing stable, cost-efficient bulk flows. Buyers must prioritize grade consistency and duty management.

Action Plan: Data-Driven Steps for Refined copper Market Execution

• Target high-frequency, high-volume buyers. Use trade data to identify their purchase cycles. This secures steady revenue and reduces customer acquisition costs.
• Monitor Japanese supply prices monthly. Compare them to global indices. This ensures you source cost-effectively and avoid overpaying.
• Analyze non-dominant supplier alloys. Check European and African sources for specialty grades. This diversifies supply and taps higher-margin niches.
• Optimize customs duty payments. Use HS code sub-classification for possible breaks. This directly increases net profit per shipment.

Forward-Looking Guidance

India’s Refined copper import under HS Code 7403 will remain bulk-driven. Focus on relationship-based contracts with major buyers. Explore free trade agreements to lower duties. Balance volume security with mix diversification. Data will be key to navigating this concentrated market.

Take Action Now —— Explore India Refined copper Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Refined copper Import 2025 July?

India's refined copper imports in July 2025 rose 6.4% in value from June, reflecting seasonal demand surges for pre-monsoon construction and manufacturing. Volatility is typical, with bulk-grade imports (97% share) tied to global commodity cycles.

Q2. Who are the main partner countries in this India Refined copper Import 2025 July?

Japan dominates with 72.47% of import value, followed by Congo (Kinshasa) and European nations like Austria and Germany. Japan supplies 92.33% of the weight, indicating high-volume bulk shipments.

Q3. Why does the unit price differ across India Refined copper Import 2025 July partner countries?

Prices vary by product grade: bulk copper cathodes (74031100) average 39.30 USD/kg, while specialized alloys like brass/bronze (e.g., 74032290) reach 271.84 USD/kg due to higher processing value.

Q4. What should importers in India focus on when buying Refined copper?

Importers must prioritize cost-efficient bulk sourcing (e.g., Japan) and duty optimization (24.5% tariff), while securing stable contracts with high-volume buyers who drive 96% of trade value.

Q5. What does this India Refined copper import pattern mean for overseas suppliers?

Suppliers should target India’s dominant high-volume buyers (76% purchase frequency) for steady demand but note pricing pressure from bulk-grade dominance and high tariffs.

Q6. How is Refined copper typically used in this trade flow?

Primarily fungible commodities like cathodes (95% weight share) feed industrial manufacturing, while specialized alloys serve niche applications in construction or precision engineering.