In the first quarter, JSW's total coal production was 3.24 million tons, up 13.1 percent from the first quarter of 2025, and total coke production was 750,000 tons. tons, an increase of 7.1 percent year-on-year. The strongest growth was observed in coking coal. The company's coking coal production in the quarter amounted to 2.78 million tons, an increase of 20.0 percent year-on-year.
In the quarter, JSW's total coal sales totaled 2.94 million tons, down from 3.01 million tons in the first quarter of last year, and total coke sales totaled 770,000 tons, up 3.7 percent year-on-year. The company's total sales of coking coal amounted to 2.49 million tons, remaining stable compared to the same period last year. Meanwhile, JSW's domestic sales totaled 1.05 million tons in the first quarter, an increase of 19.3 percent year-on-year.
JSW Group's performance was primarily affected by price fluctuations. The average price of coking coal for sale to external buyers was 722.39 zloty/ton, which is 3.2 percent lower than last year.
The market environment remains demanding. At the beginning of the year, steel production in the EU fell by 3.1 percent, limiting demand for JSW products. At the same time, global commodity markets were affected by supply disruptions, including the cyclone in Australia, which led to higher prices for coking coal. However, this did not fully lead to an increase in profitability, partly due to a drop in the ratio of coke prices to coking coal prices.
In the first quarter, the fulfillment of annual production plans reached approximately 24 percent in the coal segment and 22 percent in the coke segment, which is in line with expectations.
