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
Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.