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Stock Market & Financial Investment News

News Breaks
March 18, 2013
06:30 EDTSXCSunCoke Energy and VISA Stell launch joint venture in India
SunCoke Energy and VISA Steel Limited announced the official launch of their cokemaking joint venture in India. The new joint venture will be called VISA SunCoke Limited. SunCoke Energy holds a 49% interest in the joint venture, with VISA Steel holding the remaining 51%. SunCoke has invested approximately $67M to acquire a 49% stake in the joint venture. VISA SunCoke Limited is comprised of a 400,000 metric ton heat recovery coke plant, and the associated steam generation units at Kalinganagar in Odisha, India. SunCoke and VISA Steel will co-manage the business with equal representation on the partnership's board.
News For SXC From The Last 14 Days
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March 27, 2015
10:01 EDTSXCHigh option volume stocks
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March 25, 2015
16:07 EDTSXCSunCoke says temporary idling doesn’t change U.S. Steel obligations under pact
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14:26 EDTSXCWells Fargo tells SunCoke investors not to panic
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11:14 EDTSXCSunCoke oversold on U.S. Steel news, says Brean Capital
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11:13 EDTSXCSunCoke drops after customer announces plans to idle Granite City operations
Shares of SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP) are both sharply lower after U.S. Steel (X), the principal customer of their Granite City cokemaking facility, announced it will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations. The consolidation is part of an on-going adjustment of steelmaking operations throughout North America to match customer demands, said U.S. Steel, which noted that it routinely adjusts production at its operating facilities to reflect "market fluctuations." In morning trading, Suncoke Energy shares fell 11% to $15.01, while Suncoke Energy Partners dropped 10.25% to $19.87.
10:03 EDTSXCHigh option volume stocks
High option volume stocks: NVO SXC SONC EXH KRFT WLB ETR LXK APOL EWH
09:57 EDTSXCSunCoke Energy drops 12%, or $2.07, to $14.80

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