Fastmarkets to include EU CBAM costs in delivered Europe ferro-chrome price assessments

The decision to include CBAM costs in these price assessments follows a consultation, which ended on December 26, and will enable the assessments to continue to reflect spot market activity from this year onward.

The European market continues to rely significantly on imports of ferro-chrome, and market participants have said they believe CBAM costs should be included within the price assessments.

The amendment does not include any calculated CBAM certificate cost element, and Fastmarkets will not provide a standalone CBAM reference for the time being.

The 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

This change does not apply 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.

Effective January 1, 2026, the revised specifications are as follows, with additions 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.

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

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; these prices have always been assessed on this basis.

To provide feedback on these price assessments, 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 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.