Inventory of five major steel products in China's 21 cities fell 2.4% or 330,000 tonnes from ten days ago to 13.25 million tonnes on early March (March 1-10), according to data from China Iron and Steel Association (CISA).
The volume was 8.8% or 1.28 million tonnes lower than the year-ago level, data showed.
Southern China saw stocks fall 220,000 tonnes or 7.2% from ten days ago. Central China registered a 90,000 tonnes or 6.5% decline, and stocks in northern China dropped 90,000 tonnes or 6.5% from ten days ago.
Northern China's stocks were down 70,000 tonnes or 4.2%, and eastern China's inventories fell 80,000 tonnes or 2.6%. Steel stocks in northwestern China stayed steady compared with ten days ago.
Southeastern China saw their steel stocks gain 100,000 tonnes or 4.1%, and northeastern China's inventory climbed 20,000 tonnes or 3.1%.
Data from the CISA showed rebar stocks stood at 6.79 million tonnes on March 10, falling 0.7% from ten days ago.
Stocks of hot-rolled coil came in at 2.07 million tonnes, decreasing 7.6% from ten days ago, and that of cold-rolled coil declined 5.4% to 1.40 million tonnes.
Medium-thick plate stocks stood at 1.15 million tonnes, down 5% from ten days ago, while wire stocks came in at 1.81 million tonnes, rising 1.7%.
(Writing by Emma Yang Editing by Alex Guo)
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