China’s new vehicle shredding regulation to bring order to ferrous scrap market

China’s Ministry of Finance has released new vehicle recycling regulations that signal progress toward a more orderly scrap market.

Scrap prices will be based entirely on market forces, instead of existing price mechanisms, according to a notice posted on the ministry website earlier this week.
Supervisory and inspection systems which focus on random checks will also be implemented to increase the quality of scrap.

Automotive producers are encouraged to recycle vehicles and machinery and have the required storage and...

Published

Paul Lim

May 10, 2019

09:39 GMT

Singapore