27
Apr
17:43
SunCoke credits debt deleveraging, Convent acquisition for profits
US coke producer and logistics company SunCoke Energy Partners posted a profit of $39.8 million in the first quarter, largely due to its debt management and acquisition of Convent Marine Terminal.
SunCoke generated a profit of $12.6m in Q1 2015, Kallanish notes.
During the quarter, SunCoke sold off its mining assets for $10.3m and worked toward repurchasing its debt. In August 2015, the company acquired Louisiana’s bulk seaborne Convent Marine Terminal …
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Very good overview of the weekly steel market.
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