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

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

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.

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

The affected price assessment is:
MB-FEM-0006 Ferro-manganese basis 78% Mn max, standard 7.5% C, delivered Europe, € per tonne

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

MB-FEM-0006 Ferro-manganese basis 78% Mn max, standard 7.5% C, delivered Europe, € per tonne
Quality: Lump in the range of 10-100mm, 90% min. Mn 75% min, 78% max; Si 2% max; C 6% min 8% max; P 0.35% max; S 0.04% max
Quantity: Min 100 tonnes
Location:Delivered duty paid, Europe
Unit: EUR per tonne
Payment terms: Cash, other payment terms normalized
Publication: Weekly. Friday between 2pm and 3pm London time
Notes: CBAM costs, if any, are included as a duty paid.

This price is part of Fastmarkets’ ores and alloys physical price package.

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 this price, 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 – DDP ferro-manganese and CBAM.” Please send feedback by 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.