Total coal sales in Q3 amounted to 3.55 million tons, up 18.4 percent from Q2 and up 22.3 percent from the corresponding period of 2024. Production in the same period reached 3.32 million tons, up 8.6 percent year-on-year. Since the beginning of the year, JSW has mined 9.52 million tons of coal.
In Q3, JSW's coke segment achieved production of 0.89 million tons (up 9.9 percent year-on-year), and sales amounted to 0.78 million tons (up 5.7 percent year-on-year). In YTD terms the JSW Group has produced 2.3 million tons of coke, achieving 103.2 percent of the target.
Despite growing volumes, the Company faces strong price pressure in the commodity market. The average selling price of coking coal fell to PLN 650.51/t, and steam coal to PLN 276.24/t. Coke was also sold at lower prices, at an average of PLN 920.97/t, a nearly 30 percent year-on-year drop.
The situation was further complicated by operational problems. In September, coal production amounted to 1.07 million tons, achieving 83.9 percent of the monthly TEP, while sales achieved 87.1 percent of the target. Coking coal production target was performed in 84 percent, and steam coal production target in 83.5 percent. The results were affected by, among other things, endogenous fires in the Budryk Mine and the Zofiówka Section, as well as the early decommissioning of some longwalls. For the first time this year, the Company slightly slipped below 100 percent performance of the annual plan - from January to September, 9.52 million tons of coal were mined (98.3 percent of the plan), and 9.56 million tons were sold (98.7 percent).
The market environment remains challenging - steel production constraints in Europe, rising protectionism, expansion of Asian producers and pressure resulting from the CBAM mechanism are negatively affecting prices and demand.
For detailed information on the JSW Group's operations in Q3 2025, see the link: www.jsw.pl/fileadmin/user_files_ri/raporty-biezace/pl/2025/PL_Zalacznik_do_RB_91_2025.pdf
Details of data on the achievement of the targets of the Technical and Economic Plan for the month of September 2025 can be found at: www.jsw.pl/fileadmin/user_files_ri/raporty-biezace/pl/2025/PL_Zalacznik_do_RB_92_2025.pdf
