India Refined Copper HS7403 Import Data 2025 June Overview

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

India’s refined copper imports (HS Code 7403) in June 2025 reveal heavy reliance on Japan, which dominates 80% of value and 90% of weight, signaling bulk-standard grade sourcing with minimal diversification risks. African suppliers contribute volume but lower value, hinting at cost-effective yet potentially lower-quality alternatives. The market shows stable demand, with import duties (5% basic + 18% IGST) driving costs. This analysis, covering June 2025, is based on cleanly processed Customs data from the yTrade database.

India Refined Copper (HS 7403) 2025 June Import Background

What is HS Code 7403?

HS Code 7403 covers refined copper and copper alloys, unwrought, including products like cathodes, wire-bars, and billets. These materials are critical for industries such as electrical wiring, construction, and automotive manufacturing, driven by global demand for conductive and durable metals. India’s reliance on imports under this code reflects its industrial growth and infrastructure needs.

Current Context and Strategic Position

As of June 2025, India imposes a 5% basic customs duty, 10% social welfare surcharge, and 18% IGST on refined copper imports (HS Code 7403), totaling ~24.5% for items like billets [CusBuzz]. This duty structure aims to balance domestic industry protection with regulated import access. India’s strategic position as a major importer underscores the need for vigilance in tracking policy shifts and global copper price trends, especially given its reliance on refined copper for key sectors.

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

Key Observations

In June 2025, India's imports of refined copper under HS Code 7403 reached 306.45 million USD in value and 8.33 million kilograms in volume, showing a notable decline from the previous month's peak.

Price and Volume Dynamics

Month-over-month, import value fell by approximately 32% from May's 452.93 million USD, while volume dropped by about 35% from 12.78 million kg. This decrease reflects typical seasonal patterns in the copper industry, where demand often surges in the second quarter due to heightened construction and manufacturing activity, followed by a June slowdown as stock levels are rationalized after replenishment cycles.

External Context and Outlook

The external policy framework, as detailed by Seair, indicates stable import duties for HS Code 7403, with a basic duty of 5%, IGST of 18%, and a social welfare surcharge of 10% (Cybex). This consistent tariff environment, unchanged in mid-2025, helps maintain import predictability despite monthly volatility, supporting overall trade flows for India Refined copper HS Code 7403 Import 2025 June.

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

Product Specialization and Concentration

According to yTrade data, India's import of Refined copper under HS Code 7403 in June 2025 is heavily concentrated in cathodes and sections of cathodes (74031100), which hold a 98% value share and 88% quantity share. This sub-code has a unit price of 37.03 USD per kilogram, significantly higher than some other forms like billets at 20.69 USD per kilogram, indicating a focus on high-purity, bulk refined copper for industrial use. The analysis period of June 2025 shows no extreme price anomalies, with all sub-codes falling within expected ranges for copper products.

Value-Chain Structure and Grade Analysis

The remaining sub-codes can be grouped into two categories: standard refined copper forms, such as unwrought n.e.c. (74031900) and billets (74031300), with unit prices between 20-27 USD per kilogram, suggesting a trade in fungible bulk commodities linked to global indices. Copper alloys, including brass (74032100) and bronze (74032290), have higher unit prices of 41-57 USD per kilogram and lower volume, pointing to differentiated, higher-value products for specialized applications. This structure highlights a mix of commodity-grade and value-added imports under India Refined copper HS Code 7403 Import 2025 June.

Strategic Implication and Pricing Power

For importers, the dominance of bulk cathodes means pricing power is limited and tied to international market fluctuations, while niche alloys offer opportunities for margin improvement through specialization. [seair.co.in] reports customs duties around 5-24.5%, which could increase costs and influence sourcing strategies for India's imports. Focus should be on securing reliable cathode supplies and exploring high-margin alloy segments to mitigate price volatility.

Check Detailed HS 7403 Breakdown

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

Geographic Concentration and Dominant Role

India's import of Refined copper under HS Code 7403 in June 2025 shows strong reliance on Japan, which accounts for 80.19% of the value and 89.59% of the weight, making it the clear leader. The slightly lower value ratio compared to weight ratio suggests Japan supplies bulk, standard-grade copper at competitive prices, rather than ultra-premium products. This concentration indicates a stable, high-volume sourcing pattern for India Refined copper HS Code 7403 Import 2025 June.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge: Japan stands alone as the primary supplier due to its advanced refining capacity and reliable export infrastructure. African nations like Congo (Kinshasa) and Congo (Brazzaville) form a second cluster, contributing high quantities (over 43% combined) but lower values, pointing to sources of cheaper, possibly less refined copper from mineral-rich regions. A third group includes countries like Austria and Thailand with minor shares, likely handling niche orders or specific copper alloys.

Forward Strategy and Supply Chain Implications

For a commodity like copper, India should prioritize diversifying sources to reduce dependency on Japan and mitigate supply risks. The import duty structure, including 5% basic duty and 18% IGST [Seair], adds significant cost, so exploring suppliers in regions with preferential trade agreements could lower expenses. Buyers should also monitor African sources for cost-effective options but ensure quality controls to maintain product standards.

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

India's import of Refined copper under HS Code 7403 in June 2025 is dominated by high-purity cathodes, accounting for 98% of value. Price is driven by global commodity indices and quality grades, with cathodes at 37.03 USD/kg and alloys higher. Heavy reliance on Japan for 80% of imports creates supply risks. Import duties around 24.5% add cost pressure. The market is shaped by frequent, high-value buyers, emphasizing bulk purchases. This structure implies a need for supply security and potential role as a processing hub for India Refined copper Import 2025 June.

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

• Use trade data to diversify suppliers beyond Japan. How: Analyze alternative sources like African countries for cost-effective options. Why: Reduce dependency and mitigate supply chain risks for HS Code 7403.
• Monitor buyer frequency data to align inventory with demand cycles. How: Track order patterns of high-value buyers. Why: Prevent overstock and optimize cash flow in India Refined copper Import 2025 June.
• Leverage sub-code price analysis to target high-margin alloy segments. How: Focus on importing copper alloys with higher unit prices. Why: Increase profitability and offset commodity price volatility.
• Apply duty data to negotiate better pricing with suppliers. How: Use import duty insights from sources like seair.co.in in contract talks. Why: Lower overall costs and enhance competitiveness.

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 June?

India's refined copper imports declined by 32% in value and 35% in volume from May 2025, reflecting typical seasonal demand slowdowns after Q2 replenishment cycles.

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

Japan dominates with 80.19% of import value, followed by African nations like Congo (Kinshasa) and Congo (Brazzaville), which supply cheaper but lower-value copper.

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

Price differences stem from product specialization: bulk cathodes (74031100) average $37.03/kg, while alloys like brass (74032100) command $41–57/kg due to higher purity and niche applications.

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

Importers should prioritize securing bulk cathode supplies from Japan while exploring high-margin alloy segments and diversifying sources to mitigate dependency risks.

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

Japan’s dominance offers stable demand for bulk copper, while African suppliers face opportunities to expand market share if quality controls align with India’s standards.

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

India imports bulk cathodes primarily for industrial use, while higher-priced alloys serve specialized manufacturing applications like electronics or precision components.