17
May
12:53
Poland's JSW earnings disappoint amid production disruptions
Jastrzebska Spolka Weglowa (JSW) estimates it will post a PLN 9.7 million ($2.5m) loss in the first quarter amid production disruptions at two mines caused by fires that have led to force majeure declarations.
The result would compare to a net profit of PLN 1.27 billion in Q1 2023. Meanwhile, revenue is forecast to drop 23% on-year to PLN 3.4 billion in Q1.
JSW commercial director Jolanta Gruszka said at an industry meeting earlier this month that JSW, Europe&rsq…
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Anonymous
Very good overview of the weekly steel market.
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