05
Feb
00:00
SunCoke idles coal mine, posts Q4 loss as buyer for coal business not yet found
US-based coking coal and coke producer SunCoke Energy has idled one of its mines amid a downsizing of its mining business brought on by unfavourable coal prices. Its remaining two mines will continue to be operated, the firm says, after it posted flat on-year revenue of $388.1 million in the fourth quarter 2014.
The firm posted a consolidated net loss of $65.4m in Q4 from an $11m profit in the year-earlier quarter however, because of a $40.1m loss incurred f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous