In Q2 2026, the JSW Group produced 3.23 million tons of coal and 0.67 million tons of coke. Cumulatively, after the first half of the year, production totaled 6.46 million tons of coal and 1.43 million tons of coke, respectively, representing 48.6 percent of the annual production target for the coal segment and 41.6 percent of the coke production plan.
In the coal segment, production remained at a level similar to that of the first quarter. Total production amounted to 3.23 million tons and was only 0.3 percent lower than in the previous quarter. Coking coal production reached 2.76 million tons, while steam coal production reached 0.47 million tons.
Total coal sales rose 1.1 percent quarter on quarter, reaching 2.97 million tons. At the same time, steam coal sales increased to 0.56 million tons, representing a 23.3 percent increase compared to Q1 and a 45.8 percent increase year on year. Sales of coking coal totaled 2.41 million tons, with approximately 69 percent of the total sales volume going to external customers.
In the coke segment, production totaled 0.67 million tons and sales totaled 0.69 million tons. This represents a decline of 10.9 percent and 10.7 percent, respectively, compared to Q1 2026.
As at the end of H1 2026, the Group achieved 48.6 percent of its annual coal production target, including 47.5 percent of the target for coking coal and 56.1 percent for steam coal. Coke production reached 41.6 percent of the full-year target.
The average selling price of coking coal to external customers was 767.40 PLN per ton (209.84 USD/t), representing an increase of 6.2 percent compared to the previous quarter and 12.4 percent year on year. The average price of steam coal reached PLN 349.62 per ton, rising 31.2 percent quarter on quarter. The average selling price of coke, in turn, was PLN 993.58 per ton (271.69 USD/t), representing a 7.6 percent increase compared to Q1.
Market conditions remained diversified. The rise in coking coal prices was driven by supply constraints in China following a mining accident in Shanxi Province and increased imports of this commodity. Global coke prices also rose, driven by higher raw material costs, while the European steel market continued to show no clear signs of recovery despite the full implementation of the CBAM mechanism.
Details regarding the JSW Group’s operating activities in Q2 2026 can be found here: www.jsw.pl/en/investors-relations/stock-market-reports/current-reports/current-report/current-report-no-51-2026
