SunCoke Energy Inc. (NYSE: SXC) reported Oct. 4 that third quarter 2012 U.S. coke production is expected to be about 1.01 million tons, an estimated increase of 135,000 tons, or 14%, versus the same period in 2011.
The estimated year-over-year increase in U.S. coke production in third quarter 2012 was driven by the new Middletown coke plant in Ohio, which supplies coal-based coke to the host AK Steel plant. The increase was partly offset by lower production at the Indiana Harbor coke facility in Indiana. SunCoke’s total U.S. cokemaking capacity utilization was 103% in third quarter 2012, the same rate as in third quarter 2011.
SunCoke tentatively plans to report third quarter 2012 financial results before market open and host an investor conference call on Oct. 24.
SunCoke is the largest independent producer of metallurgical coke in the Americas. Its 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. Cokemaking facilities are located in Virginia, Indiana, Ohio, Illinois and Brazil. The company also has coal mining operations, which have more than 114 million tons of proven and probable reserves, that are located in Virginia and West Virginia and primarily serve the company’s Jewell Coke facility in Virginia.