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24 Nov
14:41

Poland's JSW sinks to loss on costs

Jastrzebska Spolka Weglowa (JSW) saw increased costs and lower revenue push it into a loss in the third quarter. Coking coal prices were elevated in Q3 due to supply shocks, including supply chain disruptions from Australia, Canada, the US and Russia, as well as production disruption and high domestic prices in China, the firm says. The main driver on the demand side was increased buying from India as it restocked following the monsoon season amid strong domestic …
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