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CBAM needs to improve its compliance rates
The EU's efforts to tax carbon-intensive imports (CBAM) from 2026 have encountered considerable difficulty, with only a minority of companies meeting the deadline for early disclosure of their carbon-intensive imports. The EU's carbon border adjustment mechanism...
Kametstal carries out maintenance work at blast furnace No. 9
Kametstal, a Ukraine-based subsidiary of Metinvest, continues to carry out major maintenance work at its main production facilities, in particular at blast furnace No. 9. The maintenance work, which will last about two weeks, aims to replace the furnace charging...
India’s JSW Steel Limited will restart the Piombino plant
Indian steel producer JSW Steel Limited has announced that it will restart its Piombino plant in Italy with an investment of about $154 million. JSW Steel Italy Srl has reached an agreement with the Italian authorities to restart the Piombino plant. As part of the...
Gold: price nears two-month highs as bets on US rate cut in June strengthen
Gold prices remained pegged near two-month highs on Monday after tepid US economic data last week strengthened bets on the Federal Reserve's first interest rate cut of the year in June. Gold prices were trading near $2,088.19 an ounce, a level seen on Friday when the...