Positive developments in the United States-China trade dispute kept London Metal Exchange base metal prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies. Read more in our live futures report
Here are how prices looked at the close of trading:
Flat steel import prices
in Saudi Arabia and the United Arab Emirates (UAE) increased slightly over the past seven days due to higher offers, sources told Fastmarkets on Tuesday.
Import rebar prices in the UAE
rose this week but billet import prices decreased in new deals, Fastmarkets heard on Tuesday.
Plate prices in the US
continue to hold their ground despite falling hot-rolled coil and oil prices.
The Turkish steel scrap import market
remained quiet on Tuesday, with mills staying away from the deep-sea trade due to uncertainty in Asian markets.