Rana Gruber expands iron ore swap contracts for future sales

Rana Gruber ASA has announced new iron ore 62% Fe, CFR China (TSI) swap contracts, locking in prices for upcoming physical shipments. The company agreed to sell 15,000 metric tons (mt) per month in Q4-25, totaling 45,000 mt, at an average price of $103.75/mt. These new swap contracts are specifically linked to physical shipments scheduled for Q3-25.

Following this latest announcement, Rana Gruber's total iron ore swap contracts now cover substantial future volumes. This includes 60,000 mt for September 2025 at an average of $104.0/mt, 225,000 mt for Q4-25 at an average of $103.5/mt, and 105,000 mt for Q1-26 at an average of $102.5/mt.

Rana Gruber, an iron ore producer established in 1964, processes and exports its natural mineral resource products globally to customers including steel producers and participants in the chemical industry. Its production capacity stands at 1.8 million metric tons of iron ore concentrates annually.