Inventory of five major steel products in China's 21 cities fell 0.5% or 50,000 tonnes from ten day ago to 9.32 million tonnes in mid-July (July 11-20), according to data from China Iron and Steel Association (CISA).

The volume was 19.5% or 2.26 million tonnes lower than the year-ago level, data showed.

Eastern China saw stocks rose 60,000 tonnes or 2.3% from ten days ago, marking the largest increment among other regions.

Northern China registered a 50,000 tonnes or 5.8% increase, the highest growth against other areas; and stocks in northeastern China rose 10,000 tonnes or 2.2% from ten days ago.

Steel stocks in northwestern China declined 11.5% or 70,000 tonnes from the previous ten days, marking the largest decrement and decrease. Southern China's steel inventory dropped 60,000 tonnes or 2.6% and that in southwestern China dropped 30,000 tonnes or 2.1%.

In central China, steel stocks decreased 0.9% or 10,000 tonnes.

Data from the CISA showed rebar stocks stood at 4.24 million tonnes during session ended on July 20, up 0.5% from ten days ago.

Stocks of hot-rolled coil came in at 2 million tonnes, down 60,000 tonnes or 2.9% from ten days ago, and that of cold-rolled coil rose 3.3% to 1.24 million tonnes from the previous ten days.

Medium-thick plate stocks stood at 0.97 million tonnes, up 1% from ten days ago, and wire stocks declined 6.5% to 0.87 million tonnes.

(Writing by Rebecca Liu  Editing by Emma Yang)
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