MONTHLY: China's ELV recycling rate to recover in March

After slumping during February, the volume of ferrous scrap recycled from end-of life vehicles (ELVs) in China is expected to rebound in March as domestic automobile scrapping companies are gradually resuming operations after the Chinese New Year (CNY) holiday, Mysteel's latest survey suggests.

In February, a total of 24,836 units of ELVs were scrapped and shredded by the 85 Chinese automotive dismantling companies under Mysteel's tracking, with the total falling by a significant 19.6% from January and by 23.3% from February last year. By the end of last month, the total number of