Inventory of five major steel products in China's 21 cities fell 3.3% or 320,000 tonnes from ten day ago to 9.24 million tonnes in late June (June 21-30), according to data from China Iron and Steel Association (CISA).
The volume was 26.2% or 3.28 million tonnes lower than the year-ago level, data showed.
Northeastern China saw stocks fall 210,000 tonnes or 32.3% from ten days ago, marking the largest decrement and decline rate among other regions.
Southwestern China registered a 70,000 tonnes or 4.8% decline, and stocks in northwestern and eastern China dropped 60,000 tonnes and 50,000 tonnes or 8.6% and 4.9% respectively from ten days ago.
Steel stocks in southern China increased 40,000 tonnes or 1.8% from the previous ten days, and northern China's steel inventory rose 20,000 tonnes or 2.4%. Inventory in central China rose 0.9% or 10,000 tonnes.
Data from the CISA showed rebar stocks stood at 4.15 million tonnes during session ended on June 30, down 6.5% from ten days ago.
Stocks of hot-rolled coil came in at 1.99 million tonnes, up 40,000 tonnes or 2.1% from ten days ago, and that of cold-rolled coil rose 1.7% to 1.18 million tonnes from the previous ten days.
Medium-thick plate stocks stood at 0.95 million tonnes, up 3.3% from ten days ago, and wire stocks declined 11% to 0.97 million tonnes.
Source: Sxcoal
Source: Sxcoal
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