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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