Suncoke Energy Inc Stock Price, News & Analysis

SunCoke Energy (NYSE: SXC) and Cleveland-Cliffs have extended their contract for a further 12 years, under which SunCoke will supply 1.22 million tons of metallurgical coke annually from its Indiana Harbor facility. This renewal solidifies their long-term partnership, with key provisions mirroring those of the existing agreement. The Indiana Harbor operation is SunCoke's largest U.S. facility and has been pivotal since its establishment in 1998, utilizing advanced heat recovery technology. This contract extension is expected to enhance the future viability of the Indiana Harbor facility, reinforcing its role in supplying coke for steel production.

SunCoke Energy, Inc. (NYSE: SXC) will release its Q1 2023 financial results on May 4, 2023, before market opening. The company will host a quarterly earnings call at 11:00 am ET on the same day, providing investors an opportunity to engage through a live webcast. SXC specializes in supplying high-quality coke for steel production, primarily under long-term contracts. The company operates multiple facilities across the U.S. and Brazil, employing innovative heat-recovery technology for efficient production. Additionally, SXC's logistics operations can handle over 40 million tons of material annually, supporting both domestic and international markets.