Metal companies rallied amid positive global cues as more economies started reopening post Covid-19; albeit partially. Quarterly numbers by some of the metal companies were also quite encouraging. JSW Steel and JSPL were among the major gainers followed by other names like NMDC and Hindalco. JSPL reported a profit in Mar-20 after a loss in the year ago quarter. Although the total steel output in India was sharply down, Jindal group companies did better than the national average, which explains their price performance. Looking at China trade data and macroeconomic indicators for April, it looks like the worst seems to be behind for the metals and mining players. China has been the first to recover off COVID-19 block but it remains to be seen if it can sustain domestic demand.