LISLE, Ill.--(BUSINESS WIRE)--
SunCoke Energy, Inc. (NYSE: SXC) issued the following statement
regarding U.S. Steel's announcement this morning that it is temporarily
idling its Granite City Works flat-rolled operations subject to customer
demand.
“SunCoke Energy supplies coke to U.S. Steel’s Granite City Works under a
long-term, take-or-pay contract until 2025 and the temporary idling
doesn’t change any obligations for U.S. Steel under this contract. We
value our long-standing relationship with U.S. Steel and will assist
them in managing through the situation, which may include shipping coke
to other U.S. Steel facilities.”
In addition, SunCoke Energy Partners, L.P. (NYSE: SXCP), which has a 75
percent interest in our Granite City operations, is supported by an
omnibus agreement with SunCoke Energy, Inc. that provides certain
commercial protections.
UPCOMING EVENTS
We plan to participate in BB&T’s 9th Annual Commercial & Industrial
Conference, March 25-26, 2015, in Miami.
SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to the
integrated steel industry under long-term take-or-pay coke contracts
that pass through commodity and certain operating costs to customers. We
utilize an innovative heat-recovery cokemaking technology that captures
excess heat for steam or electrical power generation. We are the sponsor
of SunCoke Energy Partners, L.P. (NYSE: SXCP), a publicly traded master
limited partnership, holding a 2 percent general partner interest,
56 percent limited partnership interest and all of the incentive
distribution rights. Our cokemaking facilities are located in Illinois,
Indiana, Ohio, Virginia, Brazil and India. In addition, we own
approximately 110 million tons of proven and probable coal reserves in
Virginia and West Virginia. To learn more about SunCoke Energy, Inc.,
visit our website at www.suncoke.com.
SunCoke Energy, Inc.
Investors:
Lisa
Ciota: 630-824-1907
or
Media:
Steve
Carlson: 630-824-1783
Source: SunCoke Energy, Inc.
