MONTHLY: China's ELV recycling volume to retreat further in December

The volume of ferrous scrap recycled from end-of-life vehicles (ELVs) in China is expected to decrease further this month as scrap processing companies are easing back on their operations, Mysteel's new survey suggests.

During November, a total of 33,487 ELVs were scrapped and shredded by the 85 Chinese automotive dismantling companies Mysteel monitors, down by 1.6% from October and lower by a substantial 29.3% compared with the same month last year. By the end of November, the total number of ELVs stored at