Open interest on the CME Group's north European hot-rolled coil contract hit another record level on Tuesday, as daily traded tonnage also reached a new high.

The fall in premiums has not come as a surprise as weak demand continues to delay settlements for third-quarter pellet premiums, particularly among Japanese mills.

The firm's subsidiary Keppel Energy will hire Japan's Mitsubishi Power Asia Pacific and Singapore-based Jurong Engineering to build the Keppel Sakra Cogen Plant, located in the Sakra sector of Jurong Island.

CMC recycles and manufactures steel and metal products at its facilities in the US and in Poland.

CMC recycles and manufactures steel and metal products at its facilities in the US and in Poland.

However, success has come at a cost－high carbon emissions.

Among 21 surveyed manufacturing sectors, 12 sectors saw an improvement in PMI reading in August.

An analyst said green hydrogen will play an important role in interconnecting renewable energy and decarbonization within industrial systems.