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.

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

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 company plans to sell its USW-represented blast furnace steelmaking plant in Granite City, Illinois, to SunCoke by 2024.

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

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

North China-based facility to provide clean power to nearby enterprises.

The national carbon trading market now covers 2,162 companies, all of which are electricity companies.