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.

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.

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.

The 2210 ferrosilicon contract price on ZCE closed at 7642 yuan per ton on September 1.

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.