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Ferrous metal commodity price rebound rapidly, resources of high price with bad deal, short-period price faces adjusting
Date: May 11th, 2020
The  internal market developing well after spring festival, however, the epidemic situation in the United States, Brazil, Russia, India and other countries is still severe. Economic data in many countries are poor, but market sentiment is good. The stock market rebounded, crude oil rebounded sharply due to the start of demand and supply reduction, and most commodities rose. Domestic Ferrous metal commodity also rebounded across the board, after the holiday steel consumption remains better situation, the market sentiment turned strong, but with the increase in steel production and demand for the arrival of the low season, steel prices will be downward under pressure.
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