MONTHLY: China's ELV recycling volume to continue falling in July

The volume of ferrous scrap recycled from end-of-life vehicles (ELVs) in China that has fallen steadily during the previous two months seems unlikely to pick up this month either, the results of Mysteel's recent survey show, as domestic dismantling companies will likely slow their operations further in response to adverse weather conditions and to waning scrap demand.

Last month, a total of 33,100 ELVs were scrapped and shredded by the 85 domestic automotive scrapping and dismantling companies under Mysteel's tracking, down by 1.3% from May. Compared with the same month last year, the quantity was lower by a significant 14.5%. By the end of June, the total