The effect of very high transient currents on stranded cable is to compress the strands together leading to the strands have flatten sides. The effect is very small but can be seen with careful examination of the cores.
I have seen the strands of a earth grid cable fused together inside the insulation with no obvious damage to the outside of the insulation. That was after a direct hit to an equipment room on a hill top site.
I have seen the strands of a earth grid cable fused together inside the insulation with no obvious damage to the outside of the insulation. That was after a direct hit to an equipment room on a hill top site.