MONTHLY: China's ELV scrap supply set to grow in March

The volume of ferrous scrap recycled from end-of-life vehicles (ELV) in China is expected the end its two-month fall and rebound steadily in March, with the country's processing companies lifting their production at a faster rate, the results of Mysteel's recent survey suggest.

During February, the 85 domestic automotive scrapping and dismantling enterprises under Mysteel's tracking shredded a total of 32,400 units of ELVs, down by 5% from the previous month, though the number was 18% higher on year. By the end of last month, the ELV inventories held by the same