SunCoke Energy Completes Indiana Harbor Coke Stake Acquisition
Ticker: SXC · Form: 8-K · Filed: Aug 4, 2025
Sentiment: neutral
Topics: acquisition, joint-venture, assets
TL;DR
SunCoke Energy just bought a bigger piece of Indiana Harbor Coke. Details light, but it's a done deal.
AI Summary
SunCoke Energy, Inc. announced the completion of its acquisition of a 49% stake in the Indiana Harbor Coke Company, LLC on August 1, 2025. This transaction involved the acquisition of equity interests from an affiliate of ArcelorMittal USA LLC. The filing does not disclose the specific dollar amount of the transaction.
Why It Matters
This acquisition expands SunCoke Energy's operational footprint and potentially increases its market share in the coke production industry.
Risk Assessment
Risk Level: medium — The acquisition of a significant stake in a joint venture can introduce operational and financial risks, especially if not fully detailed in the filing.
Key Numbers
- 49% — Stake Acquired (SunCoke Energy acquired a 49% stake in Indiana Harbor Coke Company, LLC.)
Key Players & Entities
- SunCoke Energy, Inc. (company) — Registrant
- Indiana Harbor Coke Company, LLC (company) — Acquired entity
- ArcelorMittal USA LLC (company) — Seller's affiliate
- August 1, 2025 (date) — Completion date of acquisition
FAQ
What was the specific dollar amount of the transaction for the 49% stake in Indiana Harbor Coke Company, LLC?
The filing does not disclose the specific dollar amount of the transaction.
Who was the seller of the 49% stake in Indiana Harbor Coke Company, LLC?
The stake was acquired from an affiliate of ArcelorMittal USA LLC.
On what date was the acquisition of the 49% stake completed?
The acquisition was completed on August 1, 2025.
What is SunCoke Energy, Inc.'s primary business as indicated by its SIC code?
SunCoke Energy, Inc.'s SIC code is 3312, which corresponds to STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS).
What is the principal executive office address for SunCoke Energy, Inc.?
The principal executive offices are located at 1011 Warrenville Road, Suite 600, Lisle, IL 60532.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on August 4, 2025 regarding SunCoke Energy, Inc. (SXC).