Platts proposes changing minimum quantity specifications for European ferroalloy assessments, seeks feedback on additional specifications

Platts, part of S&P Global Energy, is proposing lowering the minimum quantity specifications reflected in European ferroalloy assessments, effective Nov. 2, 2026, and is seeking feedback on additional specifications.

This means that the volume specifications for a number of European ferroalloy assessments would reflect a lower minimum threshold, reflective of current trading dynamics observed in the European ferroalloy spot market.

This follows market feedback and observations that spot liquidity in the European ferroalloys market has evolved in recent years, with a growing proportion of transactions concluded at volumes below the thresholds currently reflected in Platts methodologies.

Platts would revise the quantity specifications as follows:

Assessment	Code	Current Quantity	Proposed Quantity
Ferrosilicon 75% Std DDP NWE	AAIUR00	200-800 mt	Minimum 50 mt
Silicomanganese 65% Mn DDP NWE	AAITQ00	300-1,000 mt	Minimum 50 mt
Ferromanganese 76% Mn DDP NWE	AFERA04	Minimum four truckloads	Minimum 50 mt
Ferrochrome 65% Cr High Carbon DDP NWE	MMAIQ00	200-500 mt	Minimum 50 mt
Charge Chrome 52% DDP NWE	MMAIP00	200-500 mt	Minimum 100 mt

The following assessments would be impacted:

Assessment	Code
Ferrosilicon 75% Std DDP NWE	AAIUR00
Silicomanganese 65% Mn DDP NWE	AAITQ00
Ferromanganese 76% Mn DDP NWE	AFERA04
Ferrochrome 65% Cr High Carbon DDP NWE	MMAIQ00
Charge Chrome 52% DDP NWE	MMAIP00

The proposed changes would not impact Platts' Ferrochrome 60-64.99% Low-Carbon and Ferrochrome 65-70% Low-Cabron volume specifications.

Additionally, Platts is seeking market feedback on additional specifications reflected in its European ferroalloy assessments, following recent observations that trading practices in the European ferroalloys market may have evolved. Platts has received initial market feedback suggesting that certain methodology specifications may benefit from further clarification or review to ensure assessments continue to reflect prevailing spot market activity.

Specifically, Platts is seeking feedback on whether the current standard volume, physical/chemical specifications, and units of measure reflected in its European ferroalloy assessments remain representative of material commonly traded in the European spot market.

Assessment	Dimensions	Incoterms	Location	Timing	Payment	UOM
Silicomanganese 65% Mn DDP NWE (AAITQ00)	—	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	€/mt Mn contained
Ferrosilicon 75% Std DDP NWE (AAIUR00)	—	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	€/mt Si contained
Ferromanganese 76% Mn DDP NWE (AFERA04)	—	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	€/mt Mn contained
Charge Chrome 52% DDP NWE (MMAIP00)	—	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	cents/lb Cr contained
Ferrochrome 65% Cr (6-8% C) DDP NWE (MMAIQ00)	—	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	cents/lb Cr contained
Ferrochrome Low-Carbon 0.10% C (65-70% Cr) DDP NWE (MMAIL00)	Lump form	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	cents/lb Cr contained
Ferrochrome Low-Carbon 0.10% C (60-64.99% Cr) DDP NWE (FLCDA00)	Lump form	DDP	Northwest Europe	Delivery within 4 weeks	Net 30 days	cents/lb Cr contained

Specifications under review:

Delivery timing
Payment terms
Incoterms
Location
Whether assessments should continue to be expressed on a contained-metal basis or as a price per metric ton of material
Inclusion of additional grades through normalization
Relevance of impurities threshold as per the specifications listed above.

Platts invites feedback, comments and questions to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com by Sept. 11, 2026.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.