MONTHLY: China's ELV recycling rate may pick up further in September

After rising slightly last month, the volume of ferrous scrap recycled from end-of-life vehicles (ELVs) in China is expected to continue rising this month, driven by the improved operations among ELV scrap processors, Mysteel's recent survey suggests.

In August, a total of 33,600 ELVs were scrapped and shredded by the 85 domestic automotive scrapping and dismantling companies under Mysteel's tracking. This was higher by 0.3% from July, though the volume was significantly lower by 15.2% compared with the same month last year. The scrapping companies lifted their