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This work is focused on the cutting performance of a new cermet based on high-speed steel (HSS) matrix with hard phase TiCN. The processing route to manufacture the cermet M2 + 50 vol.% TiCN is described. Orthogonal cutting tests, carried out in a lathe showed the ability of the new cermet to achieve turning operations, showing reasonably wear resistance performing dry cutting operations. Tool life was significantly increased, when the cermet was compared with the reference material M2 without reinforcement and with commercial HSS M2. Evolution of flank wear and chipping wear, being the dominant wear patterns, were analysed.