SunCoke Energy, Inc. Extends Cokemaking Agreement with ArcelorMittal at Indiana Harbor

  SunCoke Energy, Inc. Extends Cokemaking Agreement with ArcelorMittal at
  Indiana Harbor

Business Wire

LISLE, Ill. -- September 5, 2013

SunCoke Energy, Inc. (NYSE: SXC) and ArcelorMittal (NYSE: MT) have agreed to a
10-year extension of their existing contract, under which SunCoke provides
1.22 million tons of metallurgical coke annually to ArcelorMittal from its
Indiana Harbor cokemaking operation located in East Chicago, Indiana. Coke is
an essential ingredient in the blast furnace production of iron.

"This contract renewal affirms the strategic, long-term relationship we have
with ArcelorMittal,” said Fritz Henderson, Chairman and Chief Executive
Officer of SunCoke Energy, Inc. "We are proud to supply more than 1.2 million
tons of metallurgical coke from our Indiana Harbor plant to one of the most
important steelmaking assets in North America. Extending this contract was a
top 2013 priority for SunCoke, which when coupled with our refurbishment
efforts, positions Indiana Harbor well for the future.”

Key provisions of the extension agreement, which takes effect October 1, 2013,
are substantially similar to the existing agreement, including continuing the
pass-through of coal costs, reimbursement of operating and maintenance
expenses subject to certain metrics and a pricing adjustment per ton of coke
produced to recognize the approximately $85million in new capital being
deployed to refurbish and upgrade this facility. We anticipate this
refurbishment will be substantially complete in first quarter 2014, although
certain equipment replacement with long-lead order times will not be fully
implemented until early 2015. As a result, while we expect significant
improvement in operating and financial results in 2014, the full impact of the
refurbishment and contract economics are expected to be realized in 2015.

The Indiana Harbor cokemaking operation is SunCoke’s largest U.S. facility
with 268 ovens and 1.22million ton annual coke production capacity. This
facility was the first commercial application of our advanced heat recovery
technology, having begun operations in 1998. SunCoke holds an 85 percent
ownership interest in the Indiana Harbor cokemaking operation with DTE Energy
Company holding the remaining 15 percent interest.


SunCoke Energy, Inc. plans to participate in the following investor

  *KeyBanc Basic Materials & Packaging Conference on September 10, 2013 in
    Boston, MA
  *Barclays 2013 CEO Energy/Power Conference on September 12, 2013 in New
    York, NY
  *Deutsche Bank Leveraged Finance Conference on October 2, 2013 in
    Scottsdale, AZ


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. To learn more about
SunCoke Energy, Inc., visit our website at


Some of the statements included in this press release constitute “forward
looking statements” (as defined in Section 27A of the Securities Act of 1933,
as amended and Section 21E of the Securities Exchange Act of 1934, as
amended). Such forward-looking statements are based on management’s beliefs
and assumptions and on information currently available. You should not put
undue reliance on any forward-looking statements. Forward-looking statements
include all statements that are not historical facts and may be identified by
the use of forward looking terminology such as the words “believe,” “expect,”
“plan,” “project,” “intend,” “anticipate,” “estimate,” “predict,” “potential,”
“continue,” “may,” “will,” “should” or the negative of these terms or similar

Forward-looking statements involve risks, uncertainties and assumptions. Risks
and uncertainties that could cause actual results to differ materially from
those expressed in forward-looking statements include economic, business,
competitive and/or regulatory factors affecting the Company’s business, as
well as uncertainties related to the outcomes of pending or future litigation,
legislation, or regulatory actions. Among such risks are: changes in levels of
production, production capacity, pricing and/or margins for metallurgical coal
and coke; variation in availability, quality and supply of metallurgical coal
used in the cokemaking process, including as a result of non-performance by
our suppliers; changes in the marketplace that may affect supply and demand
for our metallurgical coal and/or coke products, including increased exports
of coke from China and increasing competition from alternative steelmaking and
cokemaking technologies that have the potential to reduce or eliminate the use
of metallurgical coke; our dependence on, relationships with, and other
conditions affecting our customers; severe financial hardship or bankruptcy of
one or more of our major customers, or the occurrence of a customer default
and other events affecting our ability to collect payments from our customers;
volatility and cyclical downturns in the carbon steel industry and other
industries in which our customers operate; our ability to enter into new, or
renew existing, long-term agreements upon favorable terms for the supply of
metallurgical coke to domestic and/or foreign steel producers; our ability to
develop, design, permit, construct, start up or operate new cokemaking
facilities in the U.S.; our ability to successfully implement our
international growth strategy; our ability to realize expected benefits from
investments and acquisitions, including our investment in our Indian joint
venture; our ability to consummate investments under favorable terms,
including with respect to existing cokemaking facilities, which may utilize
by-product technology, in the U.S. and Canada and integrate them into our
existing businesses and have them perform at anticipated levels; various risks
and uncertainties could negatively impact SunCoke Energy Partners, L.P.
(SXCP), our publicly traded master limited partnership; receipt of regulatory
approvals and compliance with contractual obligations required in connection
with the operations of SXCP; the impact of SXCP on our relationships with our
customers and vendors and our credit rating and cost of funds; changes in
market conditions; age of, and changes in the reliability, efficiency and
capacity of the various equipment and operating facilities used in our coal
mining and/or cokemaking operations, and in the operations of our major
customers, business partners and/or suppliers; changes in the expected
operating levels of our assets; our ability to meet minimum volume
requirements, coal-to-coke yield standards and coke quality requirements in
our coke sales agreements; changes in the level of capital expenditures or
operating expenses, including any changes in the level of environmental
capital, operating or remediation expenditures; our ability to service our
outstanding indebtedness; our ability to comply with the restrictions imposed
by our financing arrangements; nonperformance or force majeure by, or disputes
or changes in contract terms with major customers, suppliers, dealers,
distributors or other business partners; availability of skilled employees for
our coal mining and/or cokemaking operations, and other workplace factors;
effects of railroad, barge, truck and other transportation performance and
costs, including any transportation disruptions; effects of adverse events
relating to the operation of our facilities and to the transportation and
storage of hazardous materials (including equipment malfunction, explosions,
fires, spills, and the effects of severe weather conditions); our ability to
enter into joint ventures and other similar arrangements under favorable
terms; changes in the availability and cost of equity and debt financing;
impact on our liquidity and ability to raise capital as a result of changes in
the credit ratings assigned to our indebtedness; changes in credit terms
required by our suppliers; risks related to labor relations and workplace
safety; changes in, or new statutes, regulations, governmental policies and
taxes, or their interpretations, including those relating to the environment;
the existence of hazardous substances or other environmental contamination on
property owned or used by us; the availability of future permits authorizing
the disposition of certain mining waste; claims of our noncompliance with any
statutory and regulatory requirements; changes in the status of, or initiation
of new litigation, arbitration, or other proceedings to which we are a party
or liability resulting from such litigation, arbitration, or other
proceedings; historical combined and consolidated financial data may not be
reliable indicator of future results; effects resulting from our separation
from Sunoco, Inc.; incremental costs as a stand-alone public company; our
substantial indebtedness; certain covenants in our debt documents; our ability
to secure new coal supply agreements or to renew existing coal supply
agreements; our ability to acquire or develop coal reserves in an economically
feasible manner; defects in title or the loss of one or more mineral leasehold
interests; disruptions in the quantities of coal produced by our contract mine
operators; our ability to obtain and renew mining permits, and the
availability and cost of surety bonds needed in our coal mining operations;
changes in product specifications for either the coal or coke that we produce;
changes in insurance markets impacting costs and the level and types of
coverage available, and the financial ability of our insurers to meet their
obligations; changes in accounting rules and/or tax laws or their
interpretations, including the method of accounting for inventories, leases
and/or pensions; changes in financial markets impacting pension expense and
funding requirements; the accuracy of our estimates of reclamation and other
mine closure obligations; and effects of geologic conditions, weather, natural
disasters and other inherent risks beyond our control. Unpredictable or
unknown factors not disclosed in this release also could have material adverse
effects on forward-looking statements.

In accordance with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, SunCoke Energy has included in its filings with
the Securities and Exchange Commission cautionary language identifying
important factors (but not necessarily all the important factors) that could
cause actual results to differ materially from those expressed in any
forward-looking statement made by SunCoke Energy. For more information
concerning these factors, see SunCoke Energy’s Securities and Exchange
Commission filings. All forward-looking statements included in this press
release are expressly qualified in their entirety by such cautionary
statements. SunCoke Energy does not have any intention or obligation to update
any forward-looking statement (or its associated cautionary language) whether
as a result of new information or future events, after the date of this press
release except as required by applicable law.


SunCoke Energy, Inc.
Ryan Osterholm: 630-824-1907
Anna Rozenich: 630-824-1945
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