Inventory of five major steel products in China's 21 cities extended rise in early January (January 1-10), up 7.1% or 0.52 million tonnes from late December to 7.81 million tonnes, according to data from the China Iron and Steel Association (CISA).

The volume was 7.7% or 0.65 million tonnes lower than the year-ago level, data showed.

In early January, eastern China saw stocks increase 120,000 tonnes or 5.7% from ten days ago, marking the largest rise among other regions. Northern China registered an 110,000 tonnes or 11.6% increase in stocks compared to ten days earlier, marking the steepest rise among other regions.

Steel stocks in southwestern China grew 100,000 tonnes compared to the previous ten days, up 9.3%. That of southern China increased 90,000 tonnes or 6.1% from ten days earlier, according to the CISA.

Stocks in central China increased 50,000 tonnes or 6.8% from ten days ago, while that in northwestern China grew 40,000 tonnes or 7.4% from the preceding sessions. Inventories in northeastern China increased 10,000 tonnes or 2.6% compared with ten days ago.

The CISA data also showed stocks of hot-rolled coil came in at 1.47 million tonnes in early January, up 2.1% from ten days ago, and that of cold-rolled coil was 1.06 million tonnes, climbing up 2.9% from the previous ten days.

Medium-thick plate stocks stood at 1.01 million tonnes, increasing 7.4% from ten days ago, while wire stocks increased 10.8% to 920,000 tonnes.

Rebar stocks stood at 3.35 million tonnes during the session ending on January 10, rising 9.8% from ten days ago, data showed.

(Writing by yan.sun  Editing by Emma Yang)
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