Inventory of five major steel products in China's 21 cities fell to 8.96 million tonnes in late-September (September 21-30), down 3.8% from ten days ago, according to data from China Iron and Steel Association (CISA).

The volume was 5.2% or 0.44 million tonnes higher than the year-ago level, data showed.

Eastern China saw stocks fall 0.15 million tonnes or 5.9% from ten days ago, marking the largest decrement among other regions. Northern China registered a 90,000 tonnes or 9.1% drop in stocks.

Steel stocks in southwestern China registered a 60,000 tonnes or 3.9% decrease from ten days ago, while that in northeastern China was down 40,000 tonnes or 9.3%.

Steel inventory in northwestern declined by 2% or 10,000 tonnes, while that in central and southern China remained unchanged.

The CISA data also showed rebar stocks stood at 3.83 million tonnes during the session ending on September 30, dropping 7.3% from ten days ago.

Stocks of hot-rolled coil came in at 2 million tonnes, falling 1.5% from ten days ago, and that of cold-rolled coil was 1.15 million tonnes, down 1.7% from the previous ten days.

Medium-thick plate stocks stood at 1.11 million tonnes, up 2.8% from ten days ago, and wire stocks descended 3.3% to 0.87 million tonnes.

(Writing by Rebecca Liu  Editing by Harry Huo)
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