Inventory of five major steel products in China's 21 cities declined 1.6% from ten days ago to 7.39 million tonnes on November 30, according to data from China Iron and Steel Association (CISA).
The volume was 6.2% or 490,000 tonnes lower than the start of the year and 16.1% or 1.42 million tonnes lower than the year-ago level, data showed.
Southern China saw stocks decrease 90,000 tonnes or 4.8% from ten days ago; eastern China registered 80,000 tonnes or 3.8% decrease, and stocks in southwestern China reduced by 3.3% or 40,000 tonnes, while that in northwestern China declined 10,000 tonnes or 2.5%.
Steel product inventory in northern China rose 7.2% or 60,000 tonnes, and in northeastern China, inventory increased 10.7% or 30,000 tonnes. Central China registered a 1.3% or 10,000 tonnes rise in stocks.
Data from the CISA showed rebar stocks stood at 2.94 million tonnes on November 30, falling 0.3% from ten days ago.
Stocks of hot-rolled coil came in at 1.52 million tonnes, down 3.8% from ten days ago, and that of cold-rolled coil dropped 1.7% to 1.18 million tonnes.
Medium-thick plate stocks stood at 0.97 million tonnes, unchanged from ten days ago, and wire stocks came in at 0.78 million tonnes, falling 3.7%.
(Writing by Rebecca Liu Editing by Tammy Yang)
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