SXC News & Events

SunCoke Energy announced that Mark W. Marinko, SunCoke's Chief Financial Officer, will retire effective March 13, 2026. As part of a planned transition in connection with Marinko's retirement, the Board has unanimously appointed Shantanu Agrawal, currently serving as SunCoke's Vice President, Finance and Treasurer, to succeed Marinko as CFO, effective March 13, 2026. Commenting on Mr. Marinko's retirement, Katherine Gates, SunCoke's President and Chief Executive Officer said, "During his time as CFO, Mark was instrumental in guiding SunCoke through critical phases of our evolution, including the recent acquisition of Phoenix Global Services." Reflecting on Mr. Agrawal's appointment, Ms. Gates continued, "We are looking forward to Shantanu's future accomplishments and contributions as SunCoke's next CFO. With his deep knowledge of SunCoke's business and organization, and his significant finance and accounting expertise, Shantanu is the ideal person to step into the CFO role for SunCoke, driving financial discipline and operational excellence, while advancing our growth strategy and long-term value creation for shareholders."

The White House said in a statement: "A strong coke industry is therefore vital to building and maintaining critical infrastructure and military readiness...The Coke Oven Rule places severe burdens on the coke production industry and, through its indirect effects, on the viability of our Nation's critical infrastructure, defense, and national security... Now, Therefore, I, Donald J. Trump, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including section 112(i)(4) of the Clean Air Act, 42 U.S.C. 7412(i)(4), do hereby proclaim that certain stationary sources subject to the Coke Oven Rule, as identified in Annex I of this proclamation, are exempt from compliance with certain requirements of the Coke Oven Rule." Names in the coking coal space include Ramaco Resources (METC), Warrior Met Coal (HCC), Alpha Metallurgical (AMR) and SunCoke Energy (SXC).

SunCoke Energy, Inc. (SXC) and Cleveland-Cliffs Inc. (CLF) have agreed to a 3-year extension of their cokemaking agreement, under which SunCoke will provide 500 thousand tons of metallurgical coke annually to Cleveland-Cliffs from its Haverhill cokemaking facility located in Franklin Furnace, Ohio. The contract commences on January 1, 2026, and key provisions of the agreement are similar to the existing Haverhill contracts. "This contract affirms the long-term partnership of SunCoke and Cleveland-Cliffs," said Katherine Gates, President and CEO of SunCoke. "We are pleased to continue supplying coke from our Haverhill facility to Cliffs' blast furnaces."