SunCoke Energy and ArcelorMittal agree to 10-year contract extension

SunCoke Energy (SXC) and ArcelorMittal (MT) have agreed to a 10-year extension of their existing contract, under which SunCoke provides 1.22M tons of metallurgical coke annually to ArcelorMittal from its Indiana Harbor cokemaking operation located in East Chicago, Indiana. Key provisions of the extension agreement, which takes effect October 1, are substantially similar to the existing agreement, including continuing the pass-through of coal costs, reimbursement of operating and maintenance expenses subject to certain metrics and a pricing adjustment per ton of coke produced to recognize the approximately $85M in new capital being deployed to refurbish and upgrade this facility.

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