07
Sep
16:03
Poland's JSW reduces earnings on-year, prices rise on-quarter
Jastrzebska Spolka Weglowa (JSW) posted a 31% on-year decline in consolidated second-quarter revenue to PLN 4.14 billion ($959.8 million), while net profit plunged 67% to PLN 786.8m, Kallanish notes.
Average Q2 coking coal sales price nevertheless rose 1% from Q1 to PLN 1,235/tonne ($286), while coke sales price rose 7% to PLN 1,699/t. Mining cash cost rose 17% to PLN 745/t, while cash conversion cost grew 7% to PLN 310/t. The lower earnings were mainly due to red…
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Anonymous
Very good overview of the weekly steel market.
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