中文
Inventory of five major steel products in China's 21 cities continued to fall at an faster rate in early-November (November 1-10), down 7.6% or 0.65 million tonnes from late-October to 7.92 million tonnes, according to data from China Iron and Steel Association (CISA).
The volume was 1.4% or 0.11 million tonnes higher than the year-ago level, data showed.
Southern China saw stocks decrease 0.27 million tonnes or 11.5% from ten days ago, marking the largest reduction among other regions. Eastern China registered a 150,000 tonnes or 6.5% fall in stocks.
Central China saw stocks drop 130,000 tonnes or 12.9% from ten days ago. Steel stocks in southwestern China registered a 70,000 tonnes or 5.6% decrease.
In northern China, steel stocks decreased 20,000 tonnes, down 2.5% compared to the previous ten days, while that in northeastern China fell 10,000 tonnes or 2.6%.
The CISA data also showed rebar stocks stood at 3.05 million tonnes during the session ending on November 10, falling 9.2% from ten days ago.
Stocks of hot-rolled coil came in at 1.83 million tonnes, down 6.6% from ten days ago, and that of cold-rolled coil was 1.06 million tonnes, down 8.6% from the previous ten days.
Medium-thick plate stocks stood at 1.13 million tonnes, down 5% from ten days ago, and wire stocks descended 5.6% to 0.85 million tonnes.
(Writing by Rebecca Liu Editing by Harry Huo)
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