SunCoke Energy, Inc (NYSE: SXC) has entered into a three-year extension of its cokemaking supply agreement with Cleveland-Cliffs Inc, continuing a long-standing commercial relationship between the two companies. Under the renewed contract, SunCoke will supply approximately 500,000 tons of metallurgical coke per year to Cleveland-Cliffs from its Haverhill cokemaking facility in Franklin Furnace, Ohio. The agreement will take effect on January 1, 2026, and largely mirrors the terms and conditions of the current Haverhill contracts.
Commenting on the extension, Katherine Gates, President and Chief Executive Officer of SunCoke Energy, said the agreement reinforces the strength and durability of the partnership with Cleveland-Cliffs. She noted that SunCoke is pleased to continue supporting Cliffs’ blast furnace operations through reliable coke supply from the Haverhill facility.
SunCoke Energy, Inc is a global supplier of high-quality metallurgical coke used in blast furnace steelmaking and foundry iron production. Most of the company’s sales are governed by long-term, take-or-pay contracts, providing stable supply relationships with domestic and international customers. SunCoke also exports coke to overseas markets seeking premium-quality material for steel production.
The company operates cokemaking facilities in Illinois, Indiana, Ohio, Virginia, and Brazil, leveraging more than six decades of industry expertise and proprietary heat-recovery technology that captures excess heat for steam and power generation. In addition to cokemaking, SunCoke’s industrial services segment offers material handling, logistics, and bulk terminal operations with the capacity to manage more than 40 million tons annually. Its services also include molten slag handling, scrap preparation, and transportation of raw materials and finished products for leading industrial customers worldwide.
Cleveland-Cliffs Inc is a major American steel and iron ore producer, best known as the largest flat-rolled steel producer in North America. Headquartered in Cleveland, Ohio, the company operates a vertically integrated business model, controlling the entire steelmaking process from iron ore mining to finished steel products.
Originally focused on iron ore mining, Cleveland-Cliffs transformed itself into a steel manufacturing leader through strategic acquisitions, including AK Steel and ArcelorMittal USA, which expanded its production capabilities and customer base. The company primarily serves the automotive, infrastructure, and manufacturing sectors, emphasizing sustainability, domestic supply chains, and advanced steel solutions.
