Poland’s JSW produced 1.05 million tons of coking coal in November

The company met its production target, but weak steel market limited sales

Jastrzębska Spółka Węglowa (JSW), the largest producer of coking coal in the European Union, has published data on the implementation of its Technical and Economic Development Plan and production results for November 2025. The company again demonstrated strong performance in the production of coking coal, the group’s key product, but sales fell significantly short of the plan due to limited demand in the European metallurgical industry.

In November, JSW mines produced 1.26 million tons of coal, which is 107.1% of the plan, but 10% less than in October. Of this, 1.05 million tons is coking coal, which is 99.4% of the planned volume, but 16.7% less than in October. Thermal coal production amounted to 0.2 million tons (+33.3% month-on-month), which is 179.1% of the planned indicators and became one of the highest performances this year.

Despite stable production, sales declined significantly. During the month, JSW sold 1.04 million tons of coal (-32.9% month-on-month), or only 76.7% of the plan. The largest lag was observed in the coking segment – 0.87 million tons (-8.4% month-on-month), or 73.4% of the expected figures. Sales of thermal coal remained at the planned level – 0.17 million tons (-71.7% month-on-month).

The company notes that the overall result for 2025 will be lower due to the impact of a number of extraordinary events. In particular, endogenous fires at the Budryk and Borynia-Zofiówka mines, which required the temporary closure of several production areas. An additional blow was the collapse of raw coal bunker No. 2 at Budryk in November, which limited the plant’s throughput capacity and could lead to a loss of about 200,000 tons of production by the end of the year.

In addition, the decline in coking coal sales is linked to the weak situation in the European metallurgical sector. Demand for coke in the region remains limited: in October, steel production in the EU fell by 3.5% y/y, which directly affected JSW’s orders.

In November, coke production amounted to 0.29 million tons (98.2% of the plan), which is 3.3% less than in October, and sales amounted to 0.26 million tons (-13.3% month-on-month), or 76.9% of the planned volumes. Some shipments were postponed to December due to logistical constraints.

As a reminder, JSW recently announced the start of preparatory work for a large-scale business restructuring. The board’s decision of October 11, 2025, aims to improve the difficult liquidity situation and ensure financial stability in the short and medium term.