Latest news on China Scrap Car markets

MONTHLY: Further fall tipped for China's ELV recycling rate in February

The volume of ferrous scrap recycled from end-of-life vehicles (ELVs) in China is expected to keep drawing lower this month as the domestic scrap market quietens around the Chinese New Year (CNY) holiday in mid-February, Mysteel's latest survey suggests.

India: Number of registered vehicle scrapping facilities rise over 50% in last 6-7 ms

Applications for new units increase rapidly. 43 facilities currently operational. Scrap generation from ELVs to reach over 5 mnt by FY'24-25.

China's steel scrap from ELV recycling to decline in Oct

China's steel scrap supply from the recycling of End-of-Life Vehicles (ELVs) is expected to shrink in October after last month's rise, as domestic car scrapping and dismantling companies are less enthusiastic about their processing due to the lack of confidence in scrap consumption among steelmakers

China's steel scrap recycled from ELVs seen picking up

China's steel scrap supply from the recycling of End-of-Life Vehicles (ELVs) is likely to pick up this month as domestic car scrapping and dismantling enterprises will lift their operational rates, Mysteel's latest survey on the ELV sector suggests. The scrap dealers are hoping that the usual recove

China's steel scrap recycled from vehicles seen rising in August

China's steel scrap supply from the recycling of End-of-Life vehicles (ELVs) is expected to pick up this month as the impact of the extreme weather seen earlier in the month abates, Mysteel's latest survey has found. The enthusiasm for processing ELVs among domestic car scrapping and dismantling ent

WSA: Global scrap supply to reach 1.3 bln t by 2050

Supplies of ferrous scrap globally will likely reach 1 billion tonnes in 2030 and 1.3 billion in 2050, with availability of this major steelmaking raw material climbing by 500 million tonnes over the coming 30 years, according to an estimate prepared by the World Steel Association (WSA) on May

China March scrap steel imports off 10.5% on month

China's imports of scrap steel in March declined 10.5% or 20,000 tonnes on month to 170,000 tonnes, according to the latest data from China's General Administration of Customs released on April 25. The total was down 19.3% or by 40,000 tonnes on year.

Finished steel uptick lifts Chinese scrap prices

China's scrap market pulled up strongly on April 23, mainly due to buoyant sentiment from the finished steel market and to traders' joint efforts to prop up prices. Among all scrap markets nationwide, that in East China showed the sharpest growth, with Mysteel's 6-8mm carbon scrap steel price in Zha

China's pig iron output down 1.1% on year

China's pig iron output in March edged down 1.1% on year to reach 60.46 million tonnes while crude steel output during the same month picked up 4.5% on year to register 73.98 million tonnes, according to the latest output statistics released by China's National Bureau of Statistics (NBS) on April

Tokyo Steel rolls over prices for May

Tokyo Steel Manufacturing will keep domestic prices of all of its steel products unchanged for May contracts, the Japanese mini-mill announced Monday.