11
Mar
14:43
Rana Gruber sells ore on fresh swap contracts
Rana Gruber has agreed fresh sales of 250,000 tonnes of iron ore on swap contracts from the third quarter of 2022 to Q2 2023 at an average price of $149.9/tonne cfr China for 62% Fe iron ore.
The contacts entail 40,000t in Q3 at $157.6/t, 60,000t in Q4 at $152.4/t, 60,000t in Q1 2023 at $149.2/t and 90,000t in Q2 2023 at $145.2/t. Physical shipments will be in Q2 2022-Q1 2023.
Norwegian miner Rana Gruber saw hematite sales decline 3% on-year in 2021 to 1.44 …
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Very good overview of the weekly steel market.
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