Business Context and Reporting Period
This Form 8-K Current Report was filed by SunCoke Energy, Inc. on April 18, 2023, with the earliest event reported on April 24, 2023. The filing discloses a material definitive agreement entered into by the Company's subsidiary, Indiana Harbor Coke Company, L.P.
Key Financial Metrics
This filing does not contain financial statements, revenue figures, profit data, cash flow metrics, margins, debt levels, or liquidity ratios. The document focuses exclusively on a contractual agreement.
Material Changes
The primary material change reported is the amendment and restatement of a coke supply agreement between Indiana Harbor Coke Company, L.P. and Cleveland-Cliffs Steel LLC (a subsidiary of Cleveland-Cliffs Inc.). Key details include:
- Contract Extension: The agreement term has been extended through September 2035.
- Terms: The new agreement operates on terms similar to the existing agreement.
- Product: The agreement covers the supply of metallurgical coke.
Guidance, Outlook, and Risks
The filing includes a Safe Harbor Statement regarding forward-looking statements. Management notes that actual results could differ materially from projections due to various factors detailed in other SEC filings. No specific financial guidance or outlook was provided in this document.
Investor Verification Checklist
- Verify the specific pricing and volume terms in the Second Amended and Restated Coke Purchase Agreement (Exhibit 10.1) to confirm "terms similar to the existing agreement."
- Review the press release (Exhibit 99.1) for additional context on the strategic importance of the Cleveland-Cliffs relationship.
- Check subsequent filings for any impact this long-term contract extension may have on future revenue stability or backlog.