Rana Gruber AS (DE:7XH) has released an update.
Rana Gruber AS has secured fixed freight rate agreements for significant volumes through 2025, aiming to stabilize its cash flow amid market fluctuations. These agreements cover a total of 1,020,000 metric tons at an average rate of USD 22.85/mt, helping the Norwegian iron ore producer manage pricing volatility more effectively. This strategic move is expected to mitigate financial risks related to freight costs and enhance the company’s financial performance.
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