All forms of copper waste and scrap including: Bare bright copper wire (Millberry), #1 Copper scrap, #2 Copper scrap, Birch/Cliff copper, insulated copper wire scrap (ICW), and copper alloy scrap. Used as secondary raw material in copper smelting and refining.
HS Code 7404.00 covers all categories of copper waste and scrap, one of the most actively traded commodities in global secondary metals markets. Copper scrap is priced relative to the London Metal Exchange (LME) copper price, with premiums or discounts applied based on grade, purity, and form.
China is by far the world's largest importer of copper scrap under HS 7404.00, accounting for over 50% of global imports. The United States is the largest exporter, with significant volumes also originating from Germany, the Netherlands, the United Kingdom, and Japan.
Key grades include Millberry (bare bright wire, 99.9%+ copper), #1 Copper (clean uncoated copper pipe and solids), #2 Copper (miscellaneous copper 94–96%), and Insulated Copper Wire (ICW, priced by copper recovery percentage). LME copper prices serve as the benchmark, with trades typically structured as LME + premium (USD/MT).