SunCoke Energy successfully completed its $325 million acquisition of Phoenix Global on August 1, 2025, marking a transformative expansion into electric arc furnace operations & international markets. The transaction, funded through existing cash & credit facilities, adds mission-critical mill services to SunCoke's traditional coke production business. CEO Katherine Gates emphasized the acquisition represents disciplined growth that leverages advanced technology & operational strengths to serve new customers globally while generating expected annual synergies of $5-10 million.