MONTHLY: China's ELV recycling rate seen rising further in April

The volume of ferrous scrap recycled from end-of-life vehicles (ELVs) in China has recovered steadily during the past month and is expected to increase further in April as domestic automobile scrapping companies continue to ramp up operations, Mysteel's latest survey suggests.

In March, a total of 27,734 units of ELVs were scrapped and shredded by the 85 Chinese automotive dismantling companies under Mysteel's tracking, higher by a significant 11.7% from February, though the volume was 19.1% lower than March last year. By the end of last month, the total number of