Inventory of five major steel products in China's 21 cities declined 7.3% from ten days ago to 10.73 million tonnes on July 31, according to data from China Iron and Steel Association (CISA).
The volume was 36.2% or 2.85 million tonnes higher than the start of the year but 12.2% or 1.49 million tonnes lower than the year-ago level, data showed.
Southern China saw stocks decrease 270,000 tonnes or 9.7% from ten days ago, the largest decrease among the seven regions; eastern China registered a 210,000 tonnes or 6.6% decrease, and stocks in northern China declined 140,000 tonnes or 10.8%.
Stocks in central China fell 130,000 tonnes or 10% from ten days ago. Southwestern China's stocks decreased 80,000 tonnes or 5.2%.
Inventory in northeastern China decreased 40,000 tonnes or 5.5% and that in northwestern China ticked up 10,000 tonnes or 1.3%.
Data from the CISA showed rebar stocks stood at 4.92 million tonnes on July 31, falling 10.1% from ten days ago.
Stocks of hot-rolled coil came in at 2.04 million tonnes, down 4.2% from ten days ago, and that of cold-rolled coil was 1.29 million tonnes, down 1.5%.
Medium-thick plate stocks stood at 0.99 million tonnes, down 3.9% from ten days ago, and wire stocks came in at 1.49 million tonnes, falling 9.1%.
(Writing by Rebecca Liu Editing by Harry Huo)
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