Inventory of five major steel products in China's 21 cities fell 5.8% or 630,000 tonnes from ten day ago to 10.31 million tonnes in late May (May 21-31), according to data from China Iron and Steel Association (CISA).
The volume was 14.6% or 1.76 million tonnes lower than the year-ago level, data showed.
Northeastern China saw stocks fall 250,000 tonnes or 29.1% from ten days ago, marking the largest decrement and decline rate among other regions.
Southwestern China registered a 140,000 tonnes or 7.8% decline, and stocks in northern and southern China both dropped 60,000 tonnes or 6.5% and 2.5% respectively from ten days ago. Northwestern China's stocks were down 50,000 tonnes or 5.0%.
Steel stocks in central China declined 40,000 tonnes or 3.3% from the previous ten days, and eastern China's steel inventory fell 30,000 tonnes or 1.1%.
Data from the CISA showed rebar stocks stood at 4.89 million tonnes during session ended on May 31, down 7.2% from ten days ago.
Stocks of hot-rolled coil came in at 2.02 million tonnes, changing from a ten-day-ago rise to a 3.8% decline, and that of cold-rolled coil fell 0.8% to 1.19 million tonnes from the previous ten days.
Medium-thick plate stocks stood at 0.95 million tonnes, down 2.1% from ten days ago, and wire stocks declined 10.0% to 1.26 million tonnes.
(Writing by Riley Liang Editing by Emma Yang)
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