Fastmarkets invites feedback on planned inclusion of EU CBAM costs for delivered Europe ferro-chrome price assessments

The inclusion of CBAM costs in these price assessments follows preliminary market feedback and will enable the assessments to continue to reflect spot market activity from 2026 onward. The European market continues to rely significantly on imports of ferro-chrome, and market participants have said that they believe CBAM costs should be included within the price assessments.

This proposal does not include any calculated CBAM certificate cost element, because this may vary in data submissions, depending on factors such as the quality and origin of material; production methods; when the material is customs cleared and the CBAM cost at that time; and how much of the carbon cost is paid in the origin market.

This assessments affected are as follows
• MB-FEC-0021 Ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe
• MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe
• MB-FEC-0002 Ferro-chrome low carbon, 65% Cr, max 0.06% C, delivered Europe
• MB-FEC-0003 Ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe
• MB-FEC-0001 Ferro-chrome low phosphorus, min 65% Cr, max 0.015% P, delivered Europe

The amended wording of the existing specifications would be as follows, with changes in italics:

MB-FEC-0021 Ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, $ per lb Cr
Quality: Lump, Cr 65-70%, C 6-8.5%, Si 1.5%.
Quantity: Min 24 tonnes
Location:DDP consumer works Europe
Unit: USD per lb of chrome contained
Payment terms: 30 days, other payment terms normalized
Publication: Weekly, Tuesday at 2-3pm London time
Notes: CBAM costs, if any, are included as a duty paid.

MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe, $ per lb Cr
Quality: Lump. Chrome base 50%, range 47-56%; carbon base 6.5%, max 9%; silicon base 3%, max 6%; phosphorus max 0.03%; sulfur max 0.06%.
Quantity: Min 100 tonnes
Location:DDP consumer works Europe (other incoterms will be normalized)
Unit: USD per lb contained Cr
Payment terms: 30 days, other payment terms normalized
Publication: Weekly, Tuesday 2-3pm London time
Notes: CBAM costs, if any, are included as a duty paid

MB-FEC-0002 Ferro-chrome low carbon, 65% Cr, max 0.06% C, delivered Europe, $ per lb Cr
Quality: Lump. Cr 65% basis (range 60-70% Cr), C 0.06% max, Si 1.5% max, P 0.05% max, S 0.05% max
Quantity: Min 25 tonnes
Location:DDP consumer works Europe
Unit: USD per lb of chrome contained
Payment terms: 30 days, other payment terms normalized
Publication: Fortnightly. Tuesday between 2pm and 3pm London time
Notes: CBAM costs, if any, are included as a duty paid.

MB-FEC-0003 Ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, $ per lb Cr
Quality: Lump. Cr 65% basis (range 65-70% Cr), C 0.10% excluding material up to 0.06% C, Si 1.5% max, P 0.03% max, S 0.03% max
Quantity: Min 25 tonnes
Location:DDP consumer works Europe
Unit: USD per lb of chrome contained
Payment terms: 30 days, other payment terms normalized
Publication: Fortnightly. Tuesday 2-3pm London time
Notes: CBAM costs, if any, are included as a duty paid.

MB-FEC-0001 Ferro-chrome low phosphorus, min 65% Cr, max 0.015% P, delivered Europe, $ per lb
Quality: Lump. Cr 65% min, Si 1% max, C 6-8%, P 0.015% max, Ti 0.05%
Quantity: Min 25 tonnes
Location:DDP consumer works Europe
Unit: USD per lb of chrome contained
Payment terms: 30 days, other payment terms normalized
Publication: Fortnightly. Tuesday 2-3pm London time
Notes: CBAM costs, if any, are included as a duty paid.

These prices are part of Fastmarkets’ ores and alloys physical price package.

Additionally, Fastmarkets wishes to note that the incoterm used for these assessments is delivered, duty paid (DDP), as shown above. This is for clarification only and does not represent a methodology change, because these prices have always been assessed on this basis.

Please note, Fastmarkets has not proposed a change to ferro-chrome prices assessed on a CIF basis.

Fastmarkets’ price assessments for MB-FEC-0020 Ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, and MB-FEC-0022 Ferro-chrome low carbon, 0.10% C, basis 60-64.9% Cr, cif Europe, are therefore not included, and nor would Fastmarkets provide a standalone CBAM reference for the time being.

Fastmarkets will continue to review its methodology and will consider additional amendments, if there are any changes to the implementation of CBAM or to EU regulations otherwise. Further consultations may be published in due course.

Fastmarkets will aim to provide regular updates in relevant pricing rationales and news, to provide visibility on the effects and costs of the regulation in these markets.

The inclusion of CBAM costs would not have any effect on historical data related to these prices.

The consultation period starts from Friday November 14 and will end on Friday December 26. The amendments will then take place, subject to market feedback, on January 1, 2026.

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to these prices, please contact the Fastmarkets editorial team by email at: pricing@fastmarkets.com and ores_alloys@fastmarkets.com. Please add the subject heading “Pricing methodology feedback – Delivered Europe ferro-chrome and CBAM.” Please send feedback by Friday December 26.

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.