Inventory of five major steel products in China's 21 cities rose 1.0% or 90,000 tonnes from ten day ago to 9.41 million tonnes in late July (July 21-31), according to data from China Iron and Steel Association (CISA).
The volume was 12.3% or 1.32 million tonnes lower than the year-ago level, data showed.
Eastern China saw stocks rose 90,000 tonnes or 3.4% from ten days ago, marking the largest increment among other regions.
Northeastern China registered a 20,000 tonnes or 4.3% increase, the highest growth against other areas; and stocks in northern China rose 20,000 tonnes or 2.2% from ten days ago.
Steel stocks in southwestern China ascended 10,000 tonnes or 0.7% from the previous ten days. Southern China's steel inventory dropped 40,000 tonnes or 1.8% and that in central China decreased 10,000 tonnes or 0.9%.
In northwestern China, steel stocks remained flat compared to the preceding session.
Data from the CISA showed rebar stocks stood at 4.35 million tonnes during session ending on July 31, up 2.6% from ten days ago.
Stocks of hot-rolled coil came in at 1.98 million tonnes, down 20,000 tonnes or 1.0% from ten days ago, and that of cold-rolled coil rose 0.8% to 1.25 million tonnes from the previous ten days.
Medium-thick plate stocks stood at 0.95 million tonnes, falling 2.1% from ten days ago, and wire stocks increased 1.1% to 0.88 million tonnes.
(Writing by Riley Liang Editing by Emma Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.