SunCoke drives for lower costs as net income jumps in qtr.
May 03, 2012 | 11:50 AM
| Lisa Gordon
Tags
metallurgical coke,
SunCoke Energy,
Fritz Henderson,
AK Steel,
Lisa Gordon
PITTSBURGH — SunCoke Energy Inc. is pushing to further reduce coking coal costs even as earnings jumped 42 percent in the first quarter.
"With our coal business facing higher production costs and a weaker pricing environment, we’re taking action to mitigate the impact of these challenges by scaling back production at higher-cost mines, idling certain mines, redeploying resources and lowering capital spending to reduce costs....
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