Harsco signs 20-year contract with Chinese steelmakers

Thursday, 21 June 2012 21:11:15 (GMT+3)   |  
       

Camp Hill, Pennsylvania-based Harsco Corporation, a worldwide industrial services and engineered products company, announced Wednesday that it signed a 20-year services contract for the environmentally-beneficial handling and processing of steelmaking by-products with Tangshan Iron & Steel, the flagship site of China's largest steelmaker, Hebei Iron & Steel (HBIS) Group, the second largest producer of steel in the world.

The contract significantly expands Harsco's existing resource recovery services at the Tangshan works under a new joint venture relationship led by Harsco that focuses directly on improving the surrounding environment from steelmaking operations. At anticipated production levels, the new agreement is expected to generate revenues in excess of $375 million over its duration.

The new agreement will encompass advanced slag treatment processes to quickly cool and treat BOF slag for significant reductions in environmental impact versus traditional methods, along with high-efficiency metal recovery and the manufacture of environmentally-friendly co-products from the residual slags, which will be sold by Harsco for beneficial reuse into the cement, concrete and road base infrastructure markets.


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