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U.S. Steel Explosion: Rescue Operations Underway Outside Of Pittsburgh
Forbes· 2025-08-11 17:40
ToplinePeople are reportedly trapped under rubble at a U.S. Steel plant outside of Pittsburgh after an explosion Monday that drew first responders to battle flames and heavy smoke at the facility, multiple news outlets reported. Emergency crew gather after an explosion at the Clairton Coke Works, a U.S. Steel coking plant, Monday, Aug 11, 2025, in Clairton, Penn,Copyright 2025 The Associated Press. All rights reserved.Key FactsDozens of people were reportedly injured following an explosion at the U.S. Clair ...
Pennsylvania US Steel plant explosion traps people under rubble
Fox Business· 2025-08-11 17:11
Group 1 - An explosion occurred at the Clairton Coke Works, a major industrial facility near Pittsburgh, resulting in multiple injuries and an active search and rescue operation [1][4][6] - The Clairton Coke Works is recognized as the largest coking operation in North America and employs thousands of workers [9] - Local officials, including Pennsylvania Governor Josh Shapiro, are coordinating assistance and urging the community to follow safety directions [8]
How to break out of the commodity economy | Quang Bach Tran | TEDxCNN Youth
TEDx Talks· 2025-07-31 16:19
So I say we begin today's topic with a question, a few questions actually. I assume that we all familiar with the classic Asian family gathering, right. Like one feast with lots of relatives coming over.And to add on to that, who gets really annoyed when a child just start nagging their parents for their phones or their tablets after the meal to play some games or watch some YouTube. If you said yes to both of those questions, then I think you'll be intimately familiar with the situation I'm about to descri ...
SunCoke Energy(SXC) - 2025 Q2 - Earnings Call Transcript
2025-07-30 16:00
Financial Data and Key Metrics Changes - SunCoke Energy reported consolidated adjusted EBITDA of $43.6 million for Q2 2025, a decrease from $63.5 million in the prior year period, primarily due to lower contract coke sales and unfavorable economics from the Granite City contract extension [4][12] - Net income attributable to SunCoke was $0.02 per share, down $0.23 compared to the prior year, impacted by lower contract coke sales and transaction costs related to the acquisition of Phoenix Global [11][12] - The company ended Q2 with a strong liquidity position of $536.2 million, including a cash balance of $186.2 million and a fully undrawn revolver of $350 million [5][14] Business Line Data and Key Metrics Changes - Domestic coke adjusted EBITDA for Q2 was $40.5 million, with coke sales volumes at 943,000 tons, reflecting a decrease due to a change in the mix of contract and spot coke sales [12][13] - The logistics business generated $7.7 million of adjusted EBITDA, with terminals handling combined throughput volumes of 4.8 million tons, also impacted by lower transloading volumes due to market conditions [13][14] Market Data and Key Metrics Changes - The company expects higher contract coke sales in the second half of the year, reaffirming its domestic coke adjusted EBITDA guidance range of $185 million to $192 million [13] - Logistics adjusted EBITDA guidance for the full year remains at $45 million to $50 million, with expectations of improved volumes in the second half [14][18] Company Strategy and Development Direction - The acquisition of Phoenix Global for $325 million is seen as a strategic fit, expected to be immediately accretive and providing opportunities for organic growth through new industrial customers [5][6][10] - The company aims to integrate Phoenix's operations into a new Industrial Services segment, leveraging its strong financial position and operational excellence [10][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improvements in both logistics and domestic coke in the second half of the year, reaffirming full-year consolidated adjusted EBITDA guidance of $210 million to $225 million [18] - The company is focused on maintaining operational discipline and capital allocation to reward long-term shareholders while integrating Phoenix's operations [17][18] Other Important Information - The company amended and extended its revolving credit facility, now maturing in July 2030, with covenants similar to the previous agreement [5][14] - The acquisition is expected to generate annual synergies of approximately $5 million to $10 million [6] Q&A Session Summary Question: Can you walk us through the drivers of the improvement from here? - Management indicated that the second quarter was expected to be the trough of 2025, with higher contract coke sales anticipated in the second half, aiming for a total of 2 million to 2.1 million tons of coke sales [20][21] Question: Can you talk about the macro drivers of Phoenix Global? - Management highlighted excitement about the EAF exposure from Phoenix, which diversifies the customer base and presents opportunities for organic growth [23][25] Question: What are the recent conversations with your largest customer regarding contract renewals? - Management confirmed active discussions with Cliffs regarding contract renewals, noting that they were surprised by comments made during Cliffs' earnings call [27][28] Question: How do you view the logistics business and export coal demand? - Management acknowledged that the majority of volumes at CMT are coal for export, with higher domestic pricing impacting international shipments, but reaffirmed logistics guidance based on expected volumes [39][40] Question: Any updates on the GPI project? - Management stated they are in active discussions with U.S. Steel regarding the GPI project but had no further details to share at this time [47]
SunCoke Energy(SXC) - 2025 Q2 - Earnings Call Presentation
2025-07-30 15:00
SunCoke Energy, Inc. Q2 2025 Earnings Conference Call Forward-Looking Statements This presentation should be reviewed in conjunction with the second quarter 2025 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on July 30, 2025 at 11:00 a.m. ET. This presentation contains "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements often may be ident ...
X @Bloomberg
Bloomberg· 2025-07-29 00:50
Raw Material Sourcing - Coca-Cola is planning to increase its procurement of cane sugar to introduce a new Coke product in the US [1] Market Strategy - The company's ability to easily obtain the required cane sugar is a key factor for the successful launch of the new Coke in the US [1]
X @Bloomberg
Bloomberg· 2025-07-28 18:30
Market Strategy - Coca-Cola plans to increase its cane sugar usage to launch a new Coke product in the US [1] Supply Chain - The report questions the ease with which Coca-Cola can obtain more cane sugar [1]
X @Bloomberg
Bloomberg· 2025-07-25 11:02
Coca-Cola is set to reach out for more cane sugar as it works to launch new Coke in the US. How easy will it be? https://t.co/wdidP0qu91 ...
X @Bloomberg
Bloomberg· 2025-07-23 11:36
American cane-sweetened Cokes are on the way, risking a boost in demand for a type of sugar US farmers can’t fully supply and is critically vulnerable to Trump-era tariffs https://t.co/M2MgNZgElb ...
Coca-Cola is switching to cane sugar from high fructose corn syrup. Why change in the first place?
NBC News· 2025-07-23 00:09
Coca-Cola is releasing a US version of its soda with cane sugar. But why did the company change to high fructose corn syrup in the first place. [Music] >> In the late '7s, US soda companies found that their standard sweetener, which is cane sugar, was getting expensive.Labor costs kept domestic sugar prices high, and new tariffs in the early 80s on cheaper to produce international sugar, meant importing was expensive, too. But then they found a new cheaper sweetener option that was being subsidized by the U ...