Harsco Signs Two Mill Services Contracts in China and Brazil Totaling $100 Million
January 23 2017 - 8:30AM
Harsco Corporation (NYSE:HSC) announced today two multi-year
contracts for steel mill services in China and Brazil totaling more
than $100 million over their duration.
Harsco’s Metals & Minerals division has been selected by
China’s second largest steelmaker, Hebei Iron and Steel Group, to
take over an increased range of onsite mill services at its
Tangshan Stainless Steel works, where Harsco already provides
environmental services relating to the commercial sale of the
mill’s slag co-products. With the new contract, Harsco now adds
onsite slag handling, metal recovery and briquetting to its
responsibilities. Tangshan Stainless produces premium-grade steels
for the auto and consumer markets.
Included within Harsco’s services to the Tangshan works will be
its patented steam box technology for steel slag processing.
Harsco’s technology provides for faster cooling times, reduced
water and energy consumption and more efficient slag sizing than
conventional methods. Its environmental benefits include the full
capture of open atmospheric emissions, together with the
opportunity to utilize the clean steam and heat generated from the
steam box.
In Brazil, Harsco has been selected by one of the country’s
largest fully integrated steelmakers to extend Harsco’s
long-standing services for onsite scrap handling, slag transport,
metal recovery, and melt shop support. Harsco has been providing
continuous support to the mill’s flat steel operations for more
than three decades, and to its mini-mill since its inception in
2014.
Announcing the awards, Harsco President and CEO Nicholas
Grasberger said, “These contracts reflect our renewed ambitions to
grow the Metals & Minerals business following two years of
successful transformation. Our relationships in both contracts
demonstrate our capacity to provide long-term value to customer
operations in parallel with lasting benefit to the
environment.”
About Harsco Harsco’s Metals & Minerals
division is the largest and most comprehensive provider of onsite
material processing and environmental services to the worldwide
metals industry. The division serves as a technology partner to
cleaner, more efficient metal production, providing customers with
effective solutions for converting production waste streams into
beneficial commercial use. Its operations span approximately 140
customer sites across more than 30 countries.
Harsco Corporation is a diversified industrial company providing
a range of onsite services and engineered products to the global
steel, energy and railway sectors. Harsco’s common stock is a
component of the S&P SmallCap 600 Index and the Russell 2000
Index. Additional information can be found at www.harsco.com.
Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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