[Ferro-Alloys.com] According to the data monitoring, as the situation of epidemic prevention and control continues getting better, economic activities gradually return to normal, the steady rise of raw materials support the price of finished steels rising, the operation of downstream industries turns well, the recovery of steel demand and other factors are driving the steel price to rise step by step, and the steel price in May is steadily rising.
At present, the production and operation of downstream steel industry in China has basically recovered, but the recovery of export-oriented industry will take a while. The downstream steel market is expected to rebound in the second half of this year, especially in the infrastructure sector. Steel market recovering in the second quarter would be in the high probability.
Source: Translated by editor