Rana Gruber expands iron ore swap contracts for 2026

Rana Gruber ASA has announced new Iron Ore 61% Fe, CFR China (TSI) swap contracts, committing to sell 45,000 metric tons per month for Q2-26. This totals 135,000 metric tons at an average price of $101.25 per metric ton, with financial settlement for physical shipments in Q1-26.

For Q4-25, the company has 225,000 metric tons hedged at an average of $103.5 per metric ton (Fe62). Q1-26 now stands at 180,000 metric tons at an average of $101.0 per metric ton (Fe61), while Q2-26 is also at 180,000 metric tons at an average of $101.2 per metric ton (Fe61).

Rana Gruber, established in 1964, is a Norwegian iron ore producer with a production capacity of 1.8m metric tons of iron ore concentrates, serving steel producers and the chemical industry globally.