Small-scale statistics in turbulent channel flow are studied by high resolution direct numerical simulations with the friction Reynolds number up to Re-tau = 2560. The second order velocity statistics in the inertial subrange of the log-low region are found to be not far from those predicted by Kolmogorov's universal equilibrium theory, although the agreement is not perfect. The shear parameter S* decreases with the distance y(+) from the wall and S* less than or similar to 0.1 in y(+) > 400 for large Re-tau, where S* is the ratio of the Kolmogorov time scale to the mean shear time scale. For larger Re-tau, the y(+)-dependence of S* is closer to a simple theoretical estimate in the log-low region.