China has committed to the dual carbon goals of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060.

State-owned Transnet Port Terminals’ (TPT’s) Saldanha Iron Ore Terminal has embarked on a five-day shutdown for the maintenance and servicing of equipment on two tipplers, starting on April 15.

Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimates, because of weather disruptions at ports and reduced production from some of its Western Australian mines.

Rio Tinto releases first quarter production results.

The figures, released every 10 days, are based on the survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country.

The three-phase project will use natural gas as a reducing agent instead of coke and coal, Fastmarkets heard.

But demand for long steel products is set to remain subdued, given the poor demand outlook from the construction sector, Zuo added.

The CBAM puts a price on the carbon emitted during the production of carbon intensive goods entering the EU. It started trial operation in October last year, and will be implemented from 2026 onward.