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SunCoke Energy Inc
SunCoke Energy converts coal into coke, which is a key fuel used in steelmaking. Steel mills buy this coke to power their blast furnaces when producing steel. The company makes money through long-term supply contracts with these steel manufacturers, providing a steady revenue stream.
SunCoke operates in the industrial materials sector, specifically serving steel manufacturers. The steel industry depends on consistent coke supply for blast furnace operations, making companies like SunCoke essential suppliers with predictable demand patterns tied to industrial production levels.
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Price is extended significantly above 52-week highs.
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