Cleveland-Cliffs Secures 3-Year Coke Supply Deal with SunCoke, Faces Financial Challenges
AI Summary1 min read
TL;DR
Cleveland-Cliffs extends its metallurgical coke supply deal with SunCoke Energy for three years, starting in 2026, amid ongoing financial and operational challenges.
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Cleveland-CliffsSunCoke Energy
Cleveland-Cliffs has signed a 3-year extension with SunCoke Energy for metallurgical coke supply, ensuring a steady supply for its operations. The agreement is set to start on January 1, 2026, and maintains terms similar to previous agreements. Despite recent operational challenges, Cleveland-Cliffs maintains a significant market presence with a market capitalization of $6.38 billion.
