- We are dealing with a confluence of many circumstances negatively impacting JSW. Firstly, we have a downturn in the coking coal market, and regardless of our needs for steel production, we know that global markets are flooded with production, for example from Indonesia, which has led to a price reduction and a very prolonged period of this economic situation. Let's look at the company's cost structure and the commitments that were made, let's look at what happened in 2022-2023. There were negotiations with the social partners; the social partners expected 5-year guarantees of employment and wages. The management, counting on political benefits, offered 10-year guarantees - said Wojciech Balczun in "Bez Retuszu" on TVP INFO.