SunCoke Energy Expects to Report Increased Domestic Coke Production for Q2 2014
07/10/2014 - SunCoke Energy Inc. (SXC) reported second quarter 2014 domestic coke production is expected to be 1,059,000 tons, up 115,000 tons from first quarter 2014, which was impacted by the severe winter weather.
On a year-over-year basis, production was down an estimated 22,000 tons in second quarter 2014 versus second quarter 2013 due to lower production at its Haverhill and Indiana Harbor cokemaking facilities. Lower coal-to-coke yields at Haverhill and reduced production at Indiana Harbor contributed to estimated production declines of 19,000 and 12,000 tons, respectively. This decrease was offset in part by higher production at the Granite City and Jewell Coke operations.
Domestic capacity utilization in second quarter 2014 is estimated to be 100%, as compared to 102% in the same prior year period.
SunCoke Energy Inc. is the largest independent producer of coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. Our advanced, heat recovery cokemaking process produces high-quality coke for use in steelmaking, captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our U.S. cokemaking facilities are located in Virginia, Indiana, Ohio and Illinois. Outside the U.S., we have cokemaking operations in Vitoria, Brazil and Odisha, India. Our coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia.
Domestic capacity utilization in second quarter 2014 is estimated to be 100%, as compared to 102% in the same prior year period.
| Preliminary Domestic Coke Production and Capacity Utilization | ||||
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For quarter ended 30 June |
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| (Coke production in ‘000s of tons) | 2014(1) | 2013 | ||
| Domestic Coke Production(2) | 1,059 | 1,081 | ||
| Capacity Utilization (percent) | 100 | 102 | ||
| (1) | Estimated | |||
| (2) | Includes estimated coke production attributable to SunCoke Energy Partners L.P. of 364,000 tons in second quarter 2014, compared to 296,000 tons in same respective prior year period |
SunCoke Energy Inc. is the largest independent producer of coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. Our advanced, heat recovery cokemaking process produces high-quality coke for use in steelmaking, captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our U.S. cokemaking facilities are located in Virginia, Indiana, Ohio and Illinois. Outside the U.S., we have cokemaking operations in Vitoria, Brazil and Odisha, India. Our coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia.
