Inventory of five major steel products in China's 21 cities snapped the previously continued decline to rise by 3.1% from ten days ago to 9.24 million tonnes in early October (October 1-10), according to data from China Iron and Steel Association (CISA).

The volume was 2.3% or 0.21 million tonnes higher than the year-ago level, data showed.

Eastern China saw stocks increased 0.15 million tonnes or 6.3% from ten days ago, marking the largest increment among other regions. Southern China registered an 80,000 tonnes or 3.5% rise in stocks.

Steel stocks in central China registered a 70,000 tonnes or 6.6% increase from ten days ago. In northwestern and northern China, steel stocks both increased 10,000 tonnes, up 2.1% and 1.1% compared to the previous ten days, respectively.

Steel inventory in southwestern China declined 30,000 tonnes or 2.0%, while that in northeastern China decreased 10,000 tonnes or 2.6%.

The CISA data also showed rebar stocks stood at 3.88 million tonnes during the session ending on October 10, rising 1.3% from ten days ago.

Stocks of hot-rolled coil came in at 2.08 million tonnes, up 4.0% from ten days ago, and that of cold-rolled coil was 1.21 million tonnes, up 5.2% from the previous ten days.

Medium-thick plate stocks stood at 1.18 million tonnes, up 6.3% from ten days ago, and wire stocks ascended 2.3% to 0.89 million tonnes.

(Writing by Riley Liang  Editing by Harry Huo)
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