Customer concentration
Substantially all sales are to a limited number of customers, so contract loss would materially affect revenue and cash flow.
- Scope
- Domestic Coke and Industrial Services
- Materiality
- high
SunCoke Energy, Inc.
SunCoke Energy, Inc. is a U.S.-based producer of metallurgical coke and provider of bulk-material logistics and industrial services to the steel and coal value chain. Its operations include domestic cokemaking plants, heat recovery facilities, and terminals and on-site services that handle, mix, transload, and process bulk materials for industrial customers.
5,9 %
−2,4 %
−5,1 %
2.11
1.11
| % | |
|---|---|
| Domestic Coke | 65% Cokemaking facilities and heat recovery operations that supply coke, steam, and electricity. |
| Industrial Services | 35% Logistics terminals and on-site services for handling, mixing, transloading, scrap, and slag. |
SunCoke sells primarily to steelmakers, coal and coke customers, electric utility-related customers, and other...
- Steelmakers and blast furnace operatorsprimary
Buy metallurgical coke under long-term take-or-pay agreements to support ironmaking and avoid captive coke investment.
- Industrial logistics customersprimary
Use terminals for mixing, transloading, and storage of coal and other bulk materials to move product efficiently.
- Steel mill service customerssecondary
Buy scrap, slag, and mission-critical mill services at operating sites to support day-to-day steel production.
- Coal and energy market participantssecondary
Use export and domestic terminal capacity for metallurgical coal and thermal coal flows.
SunCoke’s core cokemaking and logistics footprint is in the United States, with plants in Indiana, Illinois, Ohio, and...
- •U.S. cokemaking plants in Indiana, Illinois, Ohio, and Kentucky
- •Logistics terminals near Gulf Coast, East Coast, Great Lakes, and ports
- •Industrial services sites across the United States and abroad
- •International service presence in Brazil, Slovakia, and Spain
- •Geography matters because terminal access links the company to export coal flows
SunCoke’s strategy centers on long-term contracted coke supply, modern heat-recovery cokemaking, and logistics assets...
01
Protect contracted coke franchiseshort-term
Long-term contracts provide the core revenue base and reduce exposure to spot coke pricing.
02
Grow industrial services and mill servicesmedium-term
These services deepen customer relationships and diversify the business beyond cokemaking.
03
Maintain and upgrade operating assetsmedium-term
Reliable plants and terminals are essential for safety, compliance, and customer continuity.
SunCoke is exposed to concentrated customer relationships, operating reliability, and commodity-linked end markets that...
Commodity and end-market volatility
Non-contracted coke and terminal volumes are tied to steel prices, coal prices, natural gas, and export demand.
- Scope
- Spot coke, CMT, KRT
- Materiality
- high
Operating and asset reliability
Equipment failures or deterioration can cause shutdowns, curtailments, impairments, and extra maintenance spending.
- Scope
- Cokemaking plants and terminals
- Materiality
- high
Safety, environmental, and regulatory compliance
Cokemaking and industrial services involve heavy industrial processes with potential injury, pollution, and enforcement exposure.
- Scope
- Plant operations and on-site services
- Materiality
- high
Cybersecurity and IT disruption
Operations rely on networks and third-party systems that could be breached or interrupted.
- Scope
- Enterprise systems and customer data
- Materiality
- medium
Long-lived asset impairment
Asset carrying values and operating results
Business combination accounting
Purchase accounting and future earnings
Environmental and legacy benefit liabilities
Liabilities, expense, and cash outflows
Contract economics and pass-through pricing
Revenue and operating income comparability
: 29.4.2026