Steel Mills
SunCoke Supply Agreement Signed With ArcelorMittal
Written by Sandy Williams
September 10, 2013
SunCoke Energy has signed an agreement to supply metallurgical coke to ArcelorMittal for another ten years. SunCoke’s Indiana Harbor cokemaking operation, located in East Chicago, Indiana, will provide more than 1.2 million tons of coke in an extension of an existing contract with ArcelorMittal that includes pass-through of coal costs and certain operating and maintenance expense reimbursements. Price per ton will reflect investments associated with an $85 million refurbishment of the Indiana facility. The extension agreement will take effect October 2, 2013.
“We are proud to supply more than 1.2 million tons of metallurgical coke from our Indiana Harbor plant to one of the most important steelmaking assets in North America,” said Fritz Henderson, chairman and chief executive officer of SunCoke Energy Inc. “Extending this contract was a top 2013 priority for SunCoke, which, when coupled with our refurbishment efforts, positions Indiana Harbor well for the future.”
SunCoke holds 85 percent ownership in Indiana Harbor with DTE Energy Company holding 15 percent. The facility has 268 ovens and has an annual capacity of 1.22 million tons.
ArcelorMittal has two steel plants located in the Indiana Harbor area.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.
Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.
Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.
Fate of U.S. Steel hangs in the balance
The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.
Cliffs to idle Dearborn blast furnace, restart Cleveland furnace by July
Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.