JSW eyes lower cost, larger coking coal share in restructuring

Poland-based JSW, the European Union's largest coking coal producer, has adopted a 2026-2035 Remedy Programme aimed at restoring profitability and financial stability. Under the programme, the company intends to maintain and gradually increase coal production while increasing coking coal's share of its output.

The programme comes as JSW faces severe financial pressure from a prolonged downturn in Europe's steel industry, unfavourable market conditions and falling global coking coal prices. JSW Group ended 2025 with a net loss of PLN 6.25 billion ($1.6 billion). In the first half of 2026, its net loss