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The Warsaw Voice » Business » July 1, 2014
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JSW miner may struggle to deliver profit in Q3
July 1, 2014   
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Miner JSW may struggle to post a net profit in Q3 2014, even assuming higher output, as benchmark coking coal prices stayed flat quarter on quarter at USD 120/ton, a local analyst told PAP Polish news agency.

Anglo American and Nippon Steel & Sumitomo Metal Corp set the benchmark coking coal price at the level of USD 120/ton, flat q/q, Steel First industry portal said. Q1 2014 prices stood at USD 143/ton.

"For JSW, even with higher output in Q3, this will mean a struggle for a positive financial result," UniCredit brokerage analyst Marcin Gatarz told PAP.

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