Shantanu Agrawal: Yes. In North America and all over the world, yes, and foundry as well, right?
Lucas Pipes: Yes.
Shantanu Agrawal: Which we are not including in that, right?
Lucas Pipes: Yes. So the 30% to 35% would just be your contracted volumes?
Shantanu Agrawal: Correct. Correct. Yes.
Lucas Pipes: And then do you have a – what is the competition on the merchant coke side? Kind of the next closest merchant coke supplier, how large would they be?
Shantanu Agrawal: I mean this is also, again, as we discussed the only other merchant coke producer in the U.S. is DTE and their capacity is in the like 800,000 to 1 million tone range.
Lucas Pipes: Got it. And they don’t have a byproduct is that, right?
Shantanu Agrawal: They do have byproduct. They have the traditional coke production – coke production methodology.
Lucas Pipes: Got it. Got it. Okay. That make sense. So kind of the – if I just kind of look at this high level, integrated capacity is still around 50%, is that about right?
Shantanu Agrawal: Yes. A little more than 50%, I would say, yes.
Lucas Pipes: And how would you describe that fleet? Has it been generally well maintained? Or do you have a view on that capacity?
Shantanu Agrawal: I mean, as kind of you know the coke plants would have shutdown recently, right? So obviously, there hasn’t been much capital spend on that.
Lucas Pipes: Which are the ones that shutdown? Coke facility?
Shantanu Agrawal: The recent announcement was the Clairton right, the two batteries that shutdown.
Lucas Pipes: What was the utilization rate prior to that shutdown?
Shantanu Agrawal: Well, Lucas, for that, I guess, kind of – we don’t follow that closely or you got to ask U.S. Steel for that.
Lucas Pipes: Okay. That’s helpful. But your view is that you can compete effectively with that integrated capacity and kind of take share from there?
Shantanu Agrawal: Yes. I mean if you look at last three years, right, like what we have done since coming out of COVID, right, we have maneuvered the market really well. The market has been constantly changing as we have talked about, and we have been able to run full and kind of run really profitably, and we continue to believe that we will be able to do that in the future.
Lucas Pipes: Okay. In terms of kind of your spot coke sales today, have there been increased opportunities due to customer outages in terms of the spot blast furnace coke market in North America?
Shantanu Agrawal: Lucas, on the kind of – we don’t talk about spot blast furnace coke separately. We always talk about spot blast and foundry coke on a combined basis given the size of the market. And that part hasn’t changed. That’s the 650,000 equivalent blast furnace coke that we sell, and we intend to sell in 2023 – 2024.
Lucas Pipes: Okay. All right. I really appreciate the additional colour. Thanks so much for taking my follow-up questions and best of luck.
Shantanu Agrawal: Thank you.
Operator: Thank you. We currently have no further questions. So I hand back over to Katherine to conclude.
Katherine Gates: Thank you all again for joining us this morning and for your continued interest in SunCoke. Let’s continue to work safely and create value for all of our stakeholders.
Operator: Thank you. This concludes today’s call. Thank you for joining. You may now disconnect your lines.
