Suncoke Energy, Inc. (SXC) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Exhibit 99.1

Investors and Media:

Shantanu Agrawal

(630) 824-1907

SUNCOKE ENERGY, INC. REPORTS SECOND QUARTER 2020 RESULTS AND REISSUES 2020 GUIDANCE

LISLE, Ill. (August 3, 2020) - SunCoke Energy, Inc. (NYSE: SXC) today reported results for the second quarter 2020 and provided updates on

“We recognize that COVID-19 has significantly impacted the steel industry as evident from recent steel capacity utilization rates. In response to the market challenges presented by COVID-19, we have taken proactive actions to work with our customers and provide near-term coke supply relief in exchange for extending existing contracts,” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “We expect the impact of these short-term relief measures, net of cost savings initiatives, will result in a $40 - $50 million reduction in 2020 Adjusted EBITDA. We are pleased to have successfully addressed short-term market challenges with our customers while simultaneously assuring long term stability for our stakeholders.”

Rippey added, “In addition to the significant progress we have made with our customer contracts, we are also evaluating our cost structure to ensure that we remain a low cost coke and logistics service provider. We have taken certain actions, which while difficult during these unprecedented times, will help better position SunCoke for the future. We anticipate that these initiatives will achieve full year savings of approximately $10 million in 2021. We are also working on a transformational project to produce and sell foundry coke beginning in 2021. This alternative product will provide customer diversification and help address current blast furnace coke market dynamics.”