Harsco Wins Long-Term Contract Worth US$247M
01/25/2019 - Mill services contractor Harsco Corp. has signed a 15-year, US$247 million contract with China’s HBIS Laoting Steel, the company has said.
Through the contract with the HBIS Group subsidiary, Harsco will provide a variety of services, including under-furnace cleaning; slag transport and metal recovery; scrap and tundish cutting; and desulph and ladle slag processing.
It also will work with Chinese design institutes to design and build metal recovery and slag processing plants when the subsidiary’s steel mill is put into operation. The new plant is expected to generate roughly 1.42 million tons of slag annually. Harsco intends to apply ‘waste to resources’ technologies to covert the slag to into useful products for construction and other purposes.
Harsco said the agreement expands its relationship with HBIS – it has provided mill services to HBIS subsidiary Tangshan Steel Group for more than a decade.
“We are delighted to build on our long-standing relationship with HBIS Group,” Russ Mitchell, chief operating officer of Harsco’s metals and minerals division, said in a statement. “This agreement extends our partnership with a very valued customer and, at the same time, further extends our reach in the highly-competitive Chinese steel market.”