Inventory of five major steel products in China's 21 cities continued to fall with an expanding decline rate in early-December (December 1-10), down 2.4% or 0.18 million tonnes from late November to 7.37 million tonnes, according to data from the China Iron and Steel Association (CISA).

The volume was 0.3% or 20,000 tonnes higher than the year-ago level, data showed.

In early-December, southern China saw stocks decrease 200,000 tonnes or 10.4% from ten days ago, marking the largest and steepest decline among other regions. Eastern China registered a 30,000 million tonnes or 1.4% fall in stocks. Steel stocks in southwestern China decreased 10,000 tonnes or 0.9% compared to the previous ten days, according to CISA.

Stocks in northwestern China rose 40,000 tonnes or 8.7% from ten days ago, marking the largest and steepest increase among other regions. In central China, the inventory increased 20,000 tonnes or 2.5% from the preceding session. Inventories in northern and northeastern China were unchanged compared with ten days ago.

Stocks of hot-rolled coil came in at 1.61 million tonnes in early December, falling at an expanding decline rate at 5.3% from ten days ago, and that of cold-rolled coil was 1.05 million tonnes, edging down 0.9% from the previous ten days, data showed.

Medium-thick plate stocks stood at 1.02 million tonnes, down 2.9% from ten days ago, and wire stocks descended 2.5% to 0.79 million tonnes.

The CISA data also showed rebar stocks stood at 2.90 million tonnes during the session ending on December 10, falling 1.0% from ten days ago.

(Writing by yan.sun  Editing by Emma Yang)
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