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
Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...
Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.