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.

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.

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.

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