Inventory of five major steel products in China's 21 cities fell 1% or 140,000 tonnes from ten days ago to 13.58 million tonnes on February 28, according to data from China Iron and Steel Association (CISA).
The volume was 17.3% or 2 million tonnes higher than the year-ago level, data showed.
Northwestern China saw stocks rose 120,000 tonnes or 9.8% from ten days ago. Southern China registered a 50,000 tonnes or 1.7% rise, and stocks in southwestern China basically remained unchanged.
Central and northern China's stocks were down 130,000 tonnes, or8.6% and 7.3% respectively compared with the ten days ago. Northeastern China registered a 3% or 20,000 tonnes decrease in stocks during the same period.
Steel product inventory in eastern China dipped 10,000 tonnes or 0.3%.
Data from the CISA showed rebar stocks stood at 6.84 million tonnes on February 28, falling 1% from ten days ago.
Stocks of hot-rolled coil came in at 2.24 million tonnes, decreasing 1.3% from ten days ago, while that of cold-rolled coil declined 1.3% to 1.50 million tonnes.
Medium-thick plate stocks stood at 1.21 million tonnes, down 4% from ten days ago, and wire stocks came in at 1.81 million tonnes, rising 1.7%.
(Writing by Rebecca Liu Editing by Harry Huo)
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