The ferro-chrome market is facing growing pressure to decarbonize from downstream, with the need to cut carbon emissions becoming increasingly accepted among producers, traders and consumers.
Alloys are not currently included in the Carbon Border Adjustment Mechanism (CBAM) - the European Commission's flagship policy to lower carbon emissions and defend domestic industries such as steel from external producers that do not need to allow for their emissions.Direct emissions (known as scope 1 in CBAM documentation) from steel are included in the current CBAM scheme. This means steel importers...