SunCoke Statement On Idling Of U.S. Steel Flat-Rolled Operations In Granite City

(RTTNews) - SunCoke Energy Inc. (SXC) issued 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. (SXCP), which has a 75 percent interest in Granite City operations, is supported by an omnibus agreement with SunCoke Energy, Inc. that provides certain commercial protections.