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Why SunCoke Energy Is Surging Today

TheMotleyFool

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Shares of SunCoke Energy (NYSE: SXC) were surging 16% higher in afternoon trading Thursday after the coking coal leader reported better-than-expected second-quarter earnings, leading it to raise full-year guidance for adjusted EBITDA guidance.

Metallurgical, or coking, coal is key in the production of steel, and SunCoke reported that global demand for coke helped lift revenue for its domestic coke segment 15% from the year-ago period.

Image source: Getty Images.

Source Fool.com

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