中文
Inventory of five major steel products in China's 21 cities continued to decline in early April (April 1-10), down 4.8% from late March to 13.08 million tonnes, according to data from the China Iron and Steel Association (CISA).
The volume, however, was 7.4% higher than the year-ago level, data showed.
As of April 10, northern China saw stocks decrease 10.3% from ten days ago, marking the biggest decrement and the largest decline rate among all regions. Central China registered an 8.5% fall in stocks compared to ten days earlier.
Steel stocks in northwestern and southern China dropped 9.6% and 3.5% respectively compared to the previous ten days, while that of southwestern China decreased 4.1% from ten days earlier, according to the CISA.
Stocks in eastern China fell 1.5% compared to ten days ago, while that in northeastern China kept flat, data showed.
Stocks of hot-rolled coil came in at 2.46 million tonnes in early April, down 2.4% from ten days ago, and that of cold-rolled coil was 1.42 million tonnes, down 1.4% from the previous ten days.
Medium-thick plate stocks stood at 1.43 million tonnes, dipping 1.4% from ten days ago, while wire stocks decreased 12.6% to 1.46 million tonnes.
The CISA data also showed rebar stocks stood at 6.31 million tonnes as of April 10, down 5.3% from ten days ago.
(Writing by yan.sun Editing by Harry Huo)
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