It's highly unlikely I would have mistaken copper for steel. They don't have the same tensile strength.
I agree copper is much softer, but the conductivity of steel is very poor - you would need 10x the csa of copper, to match it in steel. Yes, I have come across mains powered items from China which have used steel cored flexible cables. They do try to minimise cost at the expense of safety and reliability.
The wires strands are silver in colour and stiff. To me, I would put copper in the same feel as tin.