中文
Inventory of five major steel products in China's 21 cities reentered the downtrend in mid-October (October 11-20), falling by 2.6% or 240,000 tonnes to 9 million tonnes, according to data from China Iron and Steel Association (CISA).
The volume was 4.4% or 0.38 million tonnes higher than the year-ago level, data showed.
Southwestern China saw stocks decrease 0.13 million tonnes or 9% from ten days ago, marking the largest decrease among other regions. Northern and central China both registered a 60,000 tonnes fall in stocks.
Steel stocks in eastern China registered a 50,000 tonnes or 2% decrease from ten days ago. In northwestern China, steel stocks decreased 10,000 tonnes, down 2% compared to the previous ten days.
Steel inventory in southern China rose 50,000 tonnes or 2.1%, while that in northeastern China grew 20,000 tonnes or 5.3%.
The CISA data also showed rebar stocks stood at 3.61 million tonnes during the session ending on October 20, falling 7% from ten days ago.
Stocks of hot-rolled coil came in at 2.06 million tonnes, down 1% from ten days ago, and that of cold-rolled coil was 1.18 million tonnes, down 2.5% from the previous ten days.
Medium-thick plate stocks stood at 1.21 million tonnes, up 2.5% from ten days ago, and wire stocks ascended 5.6% to 0.94 million tonnes.
(Writing by Rebecca Liu Editing by Harry Huo)
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